Nickel Still Flat, but There is an Upside
Nickel prices have remained flat and there is a surplus of product on the market. But it’s not all doom and gloom despite the downgrade on China’s economic growth.
Articles Tagged "nickel price"
Nickel Outlook Falls Victim to Oversupply
February 2012 Edition: The latest commentary, overview, and opinions relating to the global nickel market.
Norway’s Intex Signs Deal with MCC8 Group to Develop Mindoro Nickel Project
The Mindoro Nickel project is expected to come into production earliest in 2015. Norway's Intex Resources earlier this month signed a memorandum of understanding with a Chinese firm to develop the project. The chairman of Intex, Jan Vestrum, talks about the project, Chinese investors and nickel prices.
Nickel Market to Improve in 2012
The price of nickel has fallen to $18,595 per tonne on surplus and the increased use of nickel-pig-iron in China. Analysts, however, are optimistic that low prices will encourage China's nickel consumption and lead to a stabilized 2012 nickel market.
Nickel Prices Continue to Slide
Nickel is projected to be in a surplus over the next year and a half, as weak stainless steel demand has caused cuts in production. There are supporting factors as the market heads for its bottom.
Cyclone and floods hit Asia-Pacific commodities
Reuters.com reports that extreme weather in the Asia-Pacific region causing prices to rise for several commodities, including nickel, coal and aluminum
Nickel futures down on subdued demand
MSN.com reports that Nickel traded down lower in Indian markets today
Nickel future soften on profit booking
Commodity Online reports that profit taking caused Nickel futures to fall
Japanese nickel based stainless scrap price drops
Steel Guru.com reports that the price of Nickel based stainless steel scrap has fallen in Japan.
Russia doubles nickel tariff to 10 percent
Reuters.com reports that Russia has has increased it's tariff on Nickel to 10%.
