By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel futures rose on Thursday as traders indulged in short covering with the view that demand is about to rise. Nickel futures on the MCX and the LME were tracking positive sentiment, on the indication that the global economy is stabilizing. This was a welcome turn [...]
Continue reading "Short covering boosts nickel prices"
Wednesday, February 25, 2009
By Leia Michele Toovey-Exclusive to Nickel Investing News Nickel prices will most likely be flat, at best, in 2009, according to Robin Bhar, metals analyst for Calyon Credit Agricole CIB, London. However, nickel premiums are difficult to gauge in a market characterized by a lack of demand, rising stocks and sinking prices. LME nickel prices [...]
Continue reading "Nickel flatlines for 2009"
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, [...]
Continue reading "Growing inventories weigh on nickel"
Thursday, January 8, 2009
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel started the New Year with a bang, gaining 50% of its value in just two and a half days. The metal, used primarily as a component of stainless steel, was joined by the other major commodities in a rapid rebalancing. Last Friday nickel hit a [...]
Continue reading "Nickel on the fast track"
Wednesday, December 17, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News This week, the base metals have remained range bound, waiting for cues from OPEC Decision, and the conclusion for the proposed auto bailout. After the Federal Reserve issued yet another rate cut that sent the dollar reeling, the base metals were steady. On India’s Multi Commodities Exchange [...]
Continue reading "Rate cut has minimal influence on nickel"
Thursday, November 6, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News The price of nickel has been on a downward spiral since it touched a high of US$51,800 per tonne in May 2007. Currently, the metal has been operating in the US$12,400 range, and further declines are expected. Analysts predict that as the financial crisis spreads, nickel could [...]
Continue reading "Further downside expected for nickel"
Wednesday, October 8, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel futures were bearish in trading on Wednesday on India’s Multi Commodity Exchange, the MCX. Nickel October contract was trading down 3.08 per cent at Rs 665 a kg as compared to its previous closing of Rs 686.10. While it opened at Rs 687.90 in the [...]
Continue reading "Market flop hindering nickel mine financing"
Monday, September 29, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel was down US$350 to US$16,650 at India’s Multi Commodity Exchange, MCX, on Monday.The benchmark September nickel MNKU8 was down 1.27 per cent at Rs 774.5. Nickel October contract was trading down 0.38 per cent at Rs 796.50 a kg. It opened at Rs 810.80 as compared [...]
Continue reading "Stainless steel manufacturers using less nickel"
Wednesday, September 24, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News London Metal Exchange (LME) Nickel started the week on a sour note, continuing with the low levels that it had hit at the end of last week. Nickel’s drop came in as stockpiles in warehouses monitored by the LME advanced 378 tonnes to 51,864 tonnes, the highest [...]
Continue reading "Nickel rests at four year low"
Monday, September 22, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News As last week came to a close, Nickel futures took their biggest weekly fall in almost four years. On India’s Multi Commodity Exchange, MCX, the benchmark September expiry contract nickel for delivery in three months plummeted by Rs 73 to Rs 742 a kg, compared to [...]
Continue reading "Nickel takes the biggest plunge in four years"
For upcoming nickel investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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Thursday, July 9, 2009