Nickel futures have remained firm and gathered another 1.27 per cent on the Multi Commodity Exchange on Wednesday largely in line with overnight gains on the London Metal Exchange on improved sentiments in the commodities and equity markets. For full story, click here
Nickel futures have recovered by 1.22 per cent in early trade on the Multi Commodity Exchange today as traders preferred to cover-up their short positions amid pick up in demand in the spot markets. For full story, click here
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 [...]
Nickel futures have inched up 0.76 per cent in early trade on the Multi Commodity Exchange today largely in tandem with a firming trend in the global markets. For full story, click here
According to World Bureau of Metal Statistics report, there is 56600 tonnes excess in the global market in the first three months of 2009. At the same time nickel output in the period dipped by 6.3 % YoY having made 316500 tonnes. For full story, click here
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 futures have regained strength to trade 0.49 per cent higher in early trade on the Multi Commodity Exchange today as speculators were seen covering-up their positions, driven by a pick-up in demand for the metal in the physical markets. For full story, click here
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