Commodities: Nickel Jumps 8% on Two Day Rally
Reuters reported on commodities trading on Monday noting nickel has jumped eight percent extending its rally to two days.
Reuters reported on commodities trading on Monday noting nickel has jumped eight percent extending its rally to two days.
CNBC reported a private club has filed a federal lawsuit to halt construction of a nickel and copper mine in Michigan against Kennecott Eagle Minerals Co.
Reuters reported commodities rebounded on Monday after the huge selloff of the previous session, with nickel staging a big rally.
Reuters reported on base metals trading noting nickel's raw export ban in Indonesia is expected to have little impact on the market.
Reuters reported Indonesia is prepared to raise taxes on imports as well as curb its ban on raw metals exports like nickel this month.
Mineweb reported Xstrata (LSE:XTA) sought to win over waverers to the merits of its $39 billion takeover by commodities trader Glencore, (LSE:GLEN) asking opposing investors to back the "fair and reasonable" plan.
Mineweb reported White Cliff Minerals (ASX:WCN) has identified several new Maggie Hays style nickel sulphide targets at its Lake Johnston project.
OJSC MMC Norilsk Nickel (LSE:MNOD) reported a corporate update on its social and economical activities.
Globe and Mail reported on small-cap stocks to watch on Monday.
Bloomberg reported nickel and other metals are expected to increase on higher demand in China as the country's consumption shifts based on a Barclays analysis.
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