Tag Archive | "london metal exchange"

Restarting Ops On Nickel Mines

Monday, January 25, 2010

By Kishori Krishnan Exclusive To Nickel Investing News Nickel prices are on an upswing. Eager to strike when the iron is hot, miners in the midst of labor disputes, are all in a tizzy to get the show on the road. Like Vale Inco’s Canadian operations. Striking workers at Vale’s nickel-copper-cobalt mine in Voisey’s Bay [...]

Vale strikes continue to drive LME nickel prices

Monday, August 10, 2009

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 [...]

Nickel joins as base metals slide

Wednesday, June 17, 2009

By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel took part in the base metal’s slide this week; with nickel futures dropping from cash buyer $15,600 per tonne on the LME last Friday, to $14,950 per tonne on Tuesday’s close. The sharp losses in futures values hit all the base metals as another round [...]

Steelmakers’ search for nickel substitute in hiatus

Wednesday, April 29, 2009

By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel’s plummet from all time highs may actually work out in the end to benefit the metal. The hunt for effective substitutes for nickel in making stainless steel may have slowed down after nickel prices tumbled around 80 per cent in less than two years. While [...]

Nickel demand at four year low

Monday, April 20, 2009

By Leia Michele Toovey- Exclusive to Nickel Investing News Demand for nickel scrap lost its luster among offshore buyers in January, sinking to its lowest level in more than three years. Nickel prices have rallied as much as 14 per cent since the start of the month, but are likely to remain volatile.  Analysts predict [...]

G20 leaders’ support promise spurs nickel

Wednesday, April 8, 2009

By Leia Michele Toovey- Exclusive to Nickel Investing NewsAt last week’s G20 summit, world leaders gathered and pledged their support to take bold steps to lift the global economy. The summit’s host- UK Prime Minister Gordon Brown claimed the meeting marked the emergence of “A New World Order.”  Together the leaders unveiled a $1,100 bn [...]

Nickel market suffering from oversupply

Wednesday, March 25, 2009

By Leia Michele Toovey- Exclusive to Nickel Investing News As supply and demand fundamentals have rapidly diverged, nickel has slumped more than 80 per cent from its record $51,800 a tonne price reached in May 2007. Miners have been attempting to bring the split fundamentals into line with production cuts.  So far cuts equal to about [...]

Lack of purchases halt nickel

Wednesday, February 4, 2009

By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices entered the New Year with upward momentum, as the annual commodity index rebalancing was positive for the base metals. Now, it is one month into the year and the gains have halted.  London Metal Exchange three-month nickel closed Friday at US$11,150 a metric tonne, [...]

Cutbacks make way for nickel boom

Thursday, January 29, 2009

By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices plunged 59 per cent last year, as demand around the globe collapsed.  For the nickel market to improve in 2009, two key events need to transpire. First off, demand from steelmakers needs to improve, and secondly, China’s economy needs to grow.  Currently, steelmakers are [...]

Growing inventories weigh on nickel

Wednesday, January 21, 2009

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, [...]

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