Copper fell in New York and London as the dollar strengthened, reducing demand for commodities as an alternative investment. “The complex, with the exception of aluminum and nickel, ended the week in overbought territory, as indicated by their daily relative strength indices,” Hussein Allidina, head of commodities research at Morgan Stanley in New York, said [...]
By Kishori Krishnan Exclusive To Nickel Investing News The smiles are back. Despite persistent worries over Greece’s debt woes, European shares bounced back on Monday and miners tracked firmer metals. Though we could be a long way off from a solution to the underlying cause of the current tension, and there remains a significant risk [...]
By Kishori Krishnan Exclusive To Nickel Investing News Nickel prices are on an upswing. Eager to strike when the iron is hot, miners in the midst of labor disputes, are all in a tizzy to get the show on the road. Like Vale Inco’s Canadian operations. Striking workers at Vale’s nickel-copper-cobalt mine in Voisey’s Bay [...]
By Kishori Krishnan Exclusive To Nickel Investing News They have done it again. After a 6-month hiatus, Russia is set to re-instate its 5 per cent export tax on nickel next month. For the past half year, the government has been debating the possibility of linking the export duties for nickel and other market metals [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel’s plummet from all time highs may actually work out in the end to benefit the metal. The hunt for effective substitutes for nickel in making stainless steel may have slowed down after nickel prices tumbled around 80 per cent in less than two years. While [...]
Jinchuan Group Ltd., China’s leading nickel producer, cut its ex-works nickel price on April 27 by $3,662.84 per ton to $15,090.91 per ton. For full story, click here
Vale Bets on Long-Term Nickel Price Strength as Construction Starts on $2 Billion Newfoundland Processing Plant. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing News Demand for nickel scrap lost its luster among offshore buyers in January, sinking to its lowest level in more than three years. Nickel prices have rallied as much as 14 per cent since the start of the month, but are likely to remain volatile. Analysts predict [...]
By Leia Michele Toovey- Exclusive to Nickel Investing NewsAt last week’s G20 summit, world leaders gathered and pledged their support to take bold steps to lift the global economy. The summit’s host- UK Prime Minister Gordon Brown claimed the meeting marked the emergence of “A New World Order.” Together the leaders unveiled a $1,100 bn [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel is one of the leading indicator metals when it comes to economic health. The metal, used chiefly as a component of stainless steel, tends to be one of the first metals to fall when times are bad, as well as one of the first to [...]
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