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, 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 [...]
Continue reading "Nickel joins as base metals slide"
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 [...]
Continue reading "Steelmakers’ search for nickel substitute in hiatus"
Wednesday, April 15, 2009
Nickel, the laggard in last one month’s base metal rally seemed to have joined the lead of copper and lead with a gain of 17% in last ten days. For full story, click here
Continue reading "Nickel reported to join the rally in base metals"
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Thursday, July 9, 2009