By Leia Michele Toovey Exclusive to Nickel Investing News The nickel market collapsed in the fourth quarter of 2008, following a swift decline in stainless steel production. The stainless steel sector accounts for nearly two-thirds of global nickel demand. According to the International Stainless Steel Federation (ISSF), stainless steel output slumped 30 per cent year [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices have slumped over 80 per cent to about $9,850 a tonne since reaching a record high of $51,800 in May 2007. Many nickel enterprises have already chosen to suspend production on account of low prices, but these output cuts have failed to keep pace [...]
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 [...]
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