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 [...]
The company’s Avebury nickel mine in Tasmania is also coming under pressure from weaker metal prices. The operation posted total cash costs of $10.97 per pound during the quarter compared to the current price of about $4.60 per pound. The company said: Cash costs at Avebury may decline when it reaches full capacity in the next three to six [...]
Get our independent commentary on nickel trends and companies delivered to your inbox.
