Nickel Traders Expect Little Impact From Ban
Reuters reported on base metals trading noting nickel's raw export ban in Indonesia is expected to have little impact on the market.
Reuters reported on base metals trading noting nickel's raw export ban in Indonesia is expected to have little impact on the market.
Bloomberg reported nickel and other metals are expected to increase on higher demand in China as the country's consumption shifts based on a Barclays analysis.
Globe and Mail reported Sherritt International Corp. (TSX:S) reported a sharp drop in its first quarter earnings compared with a year ago, hit by lower nickel prices and higher costs.
Talvivaara (LSE:TALV) announced it has forecast nickel prices would be around $20,000 per tonne in the long term, after reporting a quarterly operating loss due to cheaper nickel.
Reuters reported on base metals trading on Friday noting nickel rose after BHP Billiton (NYSE:BHP) announced an increase in production.
Bloomberg reported Indonesia will proceed with a plan to ban exports of unprocessed metal ores including nickel while confirming an exemption for producers that intend to treat output locally.
Landore Resources Limited (LSE:LND) announced a drilling update on its Junior Lake nickel project B4-7 deposit.
Bloomberg reported on base metals trading on Friday noting nickel and most other metals fell.
Platts reported BNP Paribas said a sustained nickel surplus is still predicted, but no longer guaranteed.
Globe and Mail reported Desjardins Securities Inc. says nickel is the buying opportunity now for commodities investors.
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