With other base metals reacting positively to last week’s results from the European Bank stress tests, nickel prices started the week flat. But, if demand for nickel is soft in the short-term, analysts believe it will be temporary as the supply-demand balance continues to improve.
Continue reading "Nickel Prices Holding as Supply-Demand Balance Improves"
Friday, May 21, 2010
Mutiny Gold Limited: ASX:MYG, a diversified Australian resources company, has announced that it has signed an agreement with Mac Equity Partners Pty. Ltd. to secure the necessary funds to continue aggressive exploration activities at its two flagship Western Australian projects. The two projects are the White Well gold project in the Murchison and the Widgie [...]
Continue reading "Mac Equity to Fund Mutiny’s WA Key Projects"
Tuesday, May 18, 2010
Xstrata Plc’s (XTA.L) biggest shareholder, Glencore International AG [GLEN.UL], the trading and mining giant, has announced that 2010 is a solid year for the company. It has sold nickel, zinc, and copper at higher prices at the start of the this year. Henri Alexaline, a credit analyst at BNP Paribas was quoted saying: “If anything, [...]
Continue reading "2010, Glencore’s Solid Year"
Monday, May 17, 2010
FNX Mining Company, a Diversified Canadian Nickel Company has reported that nickel sales dropped 400,000 pounds as copper sales has dropped to 50%. However, precious metals sales went up to 13,258 ounces during the Q1 of 2010. Terry MacGibbon, FNX CEO is quoted saying: “The first quarter results were impacted by a temporary shortfall at [...]
Continue reading "FNX Reaffirms Guidance while Base Metals Dropped in Production"
Monday, May 17, 2010
Mirabela Nickel Ltd., an ASX and TSX listed Brazil-focused mining company has posted a A$25,17 million loss for the quarter ended March 2010. The press release is quoted saying: “As at March 31, 2010, the Group had a net hedge liability position of A$138.827 million (December 31, 2009: A$20.444 million negative) reflecting the positive mark-to-market [...]
Continue reading "Mirabela Nickel Ltd., Q1 2010 Report"
Tuesday, May 11, 2010
Indonesia’s nickel producer, PT International Nickel Indonesia Tbk’s (Inco) (INCO.JK) Q1 profit surged up to 19,811 metric tonnes in matte production, deliveries, and average realized price as compared to 16,220 metric tonnes in Q1 of 2009. The press release is quoted as saying: Nickel in matte production rose to 19,811 metric tonnes in the first [...]
Continue reading "INCO’s Q1 Profit Reached 19,811 Metric Tonnes"
Tuesday, May 11, 2010
H3 Global Advisors, a Sydney-based commodities and hedge-fund manager is reducing its exposure to nickel and Zinc. According to Reuters, nickel fell as much as 16 percent while copper fell a total of 5.6 percent due to the news about the Greek debt crisis. This in turn will spread and undermine the global economic recovery. [...]
Continue reading "H3 Drops Nickel and Zinc"
Friday, May 7, 2010
Indonesia’s nickel producer, PT International Nickel Indonesia Tbk (Inco) has reported a huge increase in nickel production as compared to its 2009 first quarter profits of 16,220 metric tonnes to this 2010 first quarter of 19,811 metric tonnes net profit. The profit came from nickel in matte production, deliveries, and average realised price. More in [...]
Thursday, April 1, 2010
Nickel prices hit a 21-month high Wednesday, up 34.9 percent over the first quarter. Some analysts believe this trend will continue with expectations of stronger demand from stainless steel mills.
Continue reading "Nickel Prices Rally: Will Climb Continue?"
Thursday, March 11, 2010
The world’s largest nickel supplier suggests it won’t restart idle capacity until prices reach $25,000 per ton Nickel; demand is projected to outstrip supply for the first time in four years; and Brazilian producer Vale’s Canadian plans may be on hold.
Continue reading "Nickel Prices Hold Steady"
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Tuesday, July 27, 2010