China’s Base Metal Output Dives in November
Reuters reported China's base metal production fell in November, including nickel, because of lower demand and prices.
Reuters reported China's base metal production fell in November, including nickel, because of lower demand and prices.
Reuters reported Talvivaara (LSE:TALV) plans to increase its production of nickel in 2012 to 25,000-30,000 tonnes.
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.
Reuters reported First Quantum Minerals Ltd (TSX:FM) said nickel production will resume by the end of 2011 from Australia's Ravensthorpe mine.
Bloomberg reported Talvivaara Mining Co. (LSE:TALV) fell the most after cutting its output estimate, warning of a strike and announcing the departure of its CEO.
Mining Weekly reported Royal Nickel Corp (TSXV:RNX) said it had produced high-grade ferronickel using a lab scale sample of concentrate.
Royal Nickel Corporation (TSX:RNX) announced the results of preliminary testwork concentrate from its Dumont nickel project.
SMH reported Poseidon Nickel (ASX:POS) expects to start production at the revived Mt Windarra project in Western Australia in early 2013.
Magma Metals Limited (TSE:MMW,ASX:MMW) announced it entered into a Heads of Agreement for a farm-in joint venture with Poseidon Nickel Limited (ASX:POS).
Reuters reported First Nickel Inc (TSE:FNI) restarted production at its Lockerby nickel-copper mine and made its first ore delivery.
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