By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel took part in the base metal’s slide this week; with nickel futures dropping from cash buyer $15,600 per tonne on the LME last Friday, to $14,950 per tonne on Tuesday’s close. The sharp losses in futures values hit all the base metals as another round [...]
Continue reading "Nickel joins as base metals slide"
Monday, April 20, 2009
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 [...]
Continue reading "Nickel demand at four year low"
Friday, March 6, 2009
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 [...]
Continue reading "Vale Inco layoffs reach Thompson as 24 non-union jobs axed"
Wednesday, March 4, 2009
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel has kicked off 2009 as the worst performing metal; declining 15 per cent in the first two months of the year, the most among LME traded metals. Inventories are well on their way to rise above 100,000 tonnes, the highest since June 1995. Prices will [...]
Continue reading "More cuts needed to stabilize nickel"
Thursday, January 29, 2009
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 [...]
Continue reading "Cutbacks make way for nickel boom"
Wednesday, December 17, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News This week, the base metals have remained range bound, waiting for cues from OPEC Decision, and the conclusion for the proposed auto bailout. After the Federal Reserve issued yet another rate cut that sent the dollar reeling, the base metals were steady. On India’s Multi Commodities Exchange [...]
Continue reading "Rate cut has minimal influence on nickel"
Wednesday, November 12, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News The industrial metals experienced an early week price lift backed by stock market momentum from China’s stimulus plan. Further impetus to the metals came by way of a pledge by the G20 group to take all necessary measures to get financial markets back on their feet. [...]
Continue reading "China’s stimulus package gives nickel short-term relief"
Wednesday, August 20, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News Miners across the globe are a worried lot, what with the plunging price of nickel putting pressure on companies to streamline operations. Mines in Australia have been especially hard hit, due to the weakening Australian dollar; down 10 per cent against the US greenback since mid [...]
Continue reading "Mining companies changing gears in the face of low nickel prices"
Tuesday, July 29, 2008
By Leia Michele Toovey – Exclusive to Nickel Investing News No one ever wants to be dead last, and unfortunately for nickel, its recent performance has pushed it to the back of the pack of the precious metals. The London Metal Exchange three month nickel price fell as much as $535, or 2.9% on Friday, [...]
Continue reading "Nickel Hits a New Low"
Friday, July 25, 2008
By Leia Michele Toovey – Exclusive to Nickel Investing News Thursday nickel prices fell 6 percent after stainless steel producer Outokumpu said it expected delivery volumes in the third quarter to fall, and expressed concern over next year’s numbers. London Metal Exchange nickel shrunk 2.1 percent at mid-session to hit a low of $18,400 per [...]
Continue reading "Nickel Rocks Back and Forth, Continues Downward Trend"
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Wednesday, June 17, 2009