MSN reports nickel prices rose by 0.45 per cent in futures trade today as the London Metals Exchange and spot-nickel trade firmed.
Bloomberg reports that nickel stockpiles monitored by the London Metal Exchange fell to almost the lowest level in two years.
Nickel is projected to be in a surplus over the next year and a half, as weak stainless steel demand has caused cuts in production. There are supporting factors as the market heads for its bottom.
By Kishori Krishnan Exclusive To Nickel Investing News The Euro has bounced back. London trade base metals on Friday were just that wee bit higher, with indicator charts registering the slow but sure climb of nickel. Dow Jones reported that 3-month nickel ended the day at $9.40/lb, a new high for 2010 and a gain [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Speculation, combined with threatened supplies due to strikes at Vale Inco, has sent the price of nickel on a much needed upswing. On the London Metal Exchange, nickel closed t at US$ 19,100 per tonne in the previous session. Over in India, on the MCX, nickel [...]
Prices of nickel recovered smartly on the non-ferrous metal market here today due to fresh industrial demand coupled with higher advices from London Metal Exchange. For full story, click here
Prices of nickel recovered smartly on the non-ferrous metal market here today due to fresh industrial demand coupled with higher advices from London Metal Exchange. For full story, click here
No other base metal is in such a poor state fundamentally, besides perhaps aluminium, yet nickel has seen its price surge by as much as 39% since 1st April, to more than $14,000/t by 12th May; it has since corrected with the rest of the complex to $12,350/t as at 15th May, says a research [...]
Nickel prices on Wednesday slipped slightly in early trade on the Multi Commodity Exchange as speculators booked profits at prevailing higher levels amid fall in the metal prices at the LME overnight. For full story, click here
ET declared that price of nickel moved up by 16% WoW this week against the previous week due to production cuts and investment purchasing. Nickel futures on London Metal Exchange closed up 16% at USD 12,725 per tonne after making a high of USD 12,844. According to base metals analyst Ms Reena Walia from Angel [...]
Wednesday, July 20, 2011