The nickel market is set to record a 90,000 MT surplus in 2013. Here's a look at what factors are at play in the situation and what needs to happen for that surplus to be reduced.
Articles Tagged "nickel markets"
A brief overview of nickel price developments, supply and demand and significant market movers.
Mirabela Nickel Limited (ASX:MBN,TSE:MNB) announced the $25 million held as cash collateral by the hedge financiers was released.
Advanced Explorations Inc. (CVE:AXI,FRA:AE6) provided an update on its progress relating to the 2011 exploration programs.
Reuters reports nickel rose more than 5 percent on Wednesday as the dollar extended falls against a basket of currencies.
Bloomberg reports base metals futures declined amid concern that the euro-zone nations will be unable to control the sovereign-debt crisis.
Bloomberg reports stocks rose and commodities gained as investors grew more confident economic growth will continue.
Platts reports Jinchuan Group (HKG:2362) raised domestic prices for the two grades it offers by a further Yuan 2,000/mt ($314/mt), or about 1.2%.
Bloomberg reports BHP Billiton Ltd. (NYSE:BHP) agreed to pay the Colombian government an additional 35.3 billion pesos to settle a nickel mine royalties dispute.
Continental Nickel Limited (CVE:CNI) reports an update on the company's board.