New Caledonia’s Congress has advocated several crucial pieces of legislation related to the nickel mining industry, which is regarded as the backbone of the French Pacific territory’s economy. For full story, click here
Duluth Metals (TSE:DM) released today new drill results from their Nokomis Deposit in Minnesota. Results included an intersection of 5 feet with 3.280% copper, 0.542% nickel, 23.6 g/t silver and 4.178 grams per tonne (g/t) Total Precious Metals (TPM = Platinum+Palladium+Gold). Duluth President and CEO, Dr. Henry Sandri is quoted as saying: As shown in [...]
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 [...]
Australian nickel industry was more vulnerable now because of the large number of small producers who could not afford to close down capacity. For full story, click here
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, [...]
Vale says to close indefinitely Cliff South mine in Ontario, which produces about 8,000 tpy of nickel. For full story, click here
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 [...]
BHP Billiton will close its giant Ravensthorpe nickel mine in Australia, reduce activity at Mount Keith nickel mine and put Pinto Valley copper operations in the United States on care and maintenance in February. For full story, click here
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, [...]
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 [...]
Get our independent commentary on nickel trends and companies delivered to your inbox.
