Base Metals in London Drop on Concern Global Growth to Slow
Bloomberg reports base metals futures declined amid concern that the euro-zone nations will be unable to control the sovereign-debt crisis.
Articles Tagged "london"
Nickel Stockpiles on LME Fall to Lowest in Almost Two Years
Bloomberg reports that nickel stockpiles monitored by the London Metal Exchange fell to almost the lowest level in two years.
Nickel Futures dipped as profit-booking emerged
After witnessing a week-long winning streak, nickel futures on Tuesday have turned weak and lost up to 1.18 per cent on the Multi Commodity Exchange as traders took profits at current higher prices amid overnight weakness on the London Metal Exchange. For full story, click here
Nickel and Tin has dipped on weak Global Cues
Nickel and tin dipped sharply on the non-ferrous metal market here today in the absence of industrial demand amid slipping trend in London Metal Exchange. For full story, click here
Macquarie Group: Chinese Stainless Steel Output will boost Nickel
Macquarie Group Limited declared that China’s surging nickel imports, boosted by expanding stainless steel output and a price gap between the domestic and overseas market, have driven a rally in London prices. For full story, click here
Growing inventories weigh on nickel
By Leia Michele Toovey- Exclusive to Nickel Investing News Under the weight of high inventories, nickel is anticipated to be one of the slowest industrial metals to rebound. LME stocks of nickel are at their highest since around mid-1995. The world refined nickel market was in surplus by 42,900 metric tonnes in January-November of 2008, [...]
Nickel futures on the rise
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel futures traded higher on India’s Multicommodity Exchange (MCX) today due to increased buying interest. A favourable response to the stimulus packages that will be put in action by the incoming U.S. administration lifted most of the base metals. On the MCX, Nickel December 2008 contract [...]
Nickel dropped 1.6 % to $10,500
Among the LME-traded metals, nickel dropped 1.6 percent to $10,500. For full story, click here
London nickel declines 6 percent
London nickel futures declined 6 % as base metals gave up gains earlier and headed for their weakest monthly performance in decades. For full story, click here
US dollar drop fails to lift nickel in light of Lehman bankruptcy
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices tumbled more than 5 per cent on Monday as investors sold-off metals amid financial turmoil after Lehman Brothers filed for bankruptcy. The decline in the U.S. dollar failed to compensate for the Lehman instigated sell-off flurry. Analysts, however, are urging investors to sit tight [...]
