Indonesia Nickel-Ore Ban Sends Sumitomo Looking for Supply
Bloomberg reported restrictions on nickel-ore exports by Indonesia may force Japan to source raw material from other suppliers or reduce output.
Bloomberg reported restrictions on nickel-ore exports by Indonesia may force Japan to source raw material from other suppliers or reduce output.
Platts reported BNP Paribas said a sustained nickel surplus is still predicted, but no longer guaranteed.
Reuters reported on base metals trading on Wednesday noting nickel is dropping on expected oversupply of the metal.
Reuters reported U.S. nickel premiums moved lower last week on an oversupply and competitive sales.
Platts reported the nickel supply in 2012 is expected to be lower in 2012 according to Societe Generale (EPA:GLE).
Bloomberg reported nickel miners are producing far more metal than previously produced and may reverse its recent rally.
Financial Post reported nickel dropped on trading on Thursday on news the metal is in surplus.
Reuters reported China's base metal production fell in November, including nickel, because of lower demand and prices.
Reuters reported Marcventures Holdings Inc (PSE:MARC) said it would sell a total of 3 million wet metric tonnes of nickel laterite ore.
Bloomberg reported a global nickel surplus may soar in 2012 to the highest in four years as Europe’s debt crisis and a sluggish U.S. economy cuts demand.
Get our independent commentary on nickel trends and companies delivered to your inbox.