Reuters reported that nickel prices have reached its lowest in four years at $15,092 per ton.
Articles Tagged "nickel"
Bloomberg reported that nickel supplies will be higher than demand by about 52% and will have a surplus of 82,000 metric tons this year due to weak consumption globally, according to Macquarie Group Ltd.
Bloomberg reported that nickel is bottoming as prices go below the cost of producing alternatives such as the nickel pig iron or NPI.
Melkior Resources Inc (TSXV:MKR) announced that it has expanded its claims in the Ungava nickel belt in Quebec by map staking, acquiring 33 claims totaling 1,361 hectares.
Reuters reported that nickel has hit a 7-month low on the LME ending at $15,695 as a weak economic data from China, the world’s biggest metal consumer, strengthened concerns on demand growth.
Bloomberg reported that nickel and other base metals gained as China’s loan data in March exceeded initial forecast.
Bloomberg reported that the Energy and Mines Ministry in Guatemala has awarded mining licenses to Minera San Rafael S.A and Compania Guatemalteca de Niquel, S.A. Both companies will mine for nickel and other precious metals.
PolyMet Mining Corp. is developing the NorthMet Nickel Copper & Platinum Group Metals project in the historic Mesabi Iron Range of northeastern Minnesota. Open pit deposit with NI 43-101 compliant Resource Estimate of 275 million tons of Proven and Probable Reserves. (TSX:POM, NYSE MKT:PLM)
Royal Nickel Corporation (TSX:RNX) has released its activities and financial reports for year ended December 31, 2012.
First Quantum Minerals Ltd (TSX:FM, LSE:FQM), a nickel mining company, announced that it had varied and extended its offer to acquire all Inmet Mining Corp outstanding shares until 11:59PM on March 21, 2013.