Thompson Citizen reports Vale Inco cuts non-union staff as well as management jobs. While there was no reprieve this time, it could have been worse – much worse – here as the Brazilian mining giant Companhia Vale do Rio Doce of Rio de Janeiro eliminated 900 jobs from its global workforce of 14,000 on Tuesday, with [...]
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 [...]
By Leia Michele Toovey – Exclusive to Nickel Investing News Not much action at MCX nickel counter this week At the MCX (India) nickel rose slightly, hitting $18.77 per kg. It opened at $18:68 per kg as compared to its previous closing of $18.61 per kg. Nickel August contract was trading up 0.58 per cent at $19.12 per kg as against [...]
By Leia Michele Toovey – Exclusive to Nickel Investing News Nickel tumbled this week, to the lowest level since July 2006. On Wednesday, nickel closed at $20,000 per tonne on the London Metal Exchange. On India’s Multi Commodity exchange, August nickel was down 0.54% at Rs 885.6 per kg with a business volume of 64 [...]
By Leia Michele Toovey – Exclusive to Nickel Investing News Despite the week end stock rallies, fuelled by dropping crude, nickel closed the week on a quiet note. In India, on the multi-commodity exchange (MCX), the July contract was trading up 0.56%, the August contract was trading up 0.62%, and the September contract was trading [...]
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