China’s Still Motoring Along
SMH reported far away from the anguish of Europe's debt contagion, the Chinese economy has been chugging along very nicely.
SMH reported far away from the anguish of Europe's debt contagion, the Chinese economy has been chugging along very nicely.
Reuters Africa reported Wood Mackenzie said the global nickel market will move into over-supply from 2012/2013, pushing prices lower.
Bloomberg reported Sumitomo Metal Mining Co. (TYO:5713) said rebels raided its Taganito nickel mining project in the Philippines.
Reuters reported First Nickel Inc (TSE:FNI) restarted production at its Lockerby nickel-copper mine and made its first ore delivery.
Bloomberg reported China’s production of nickel pig iron should increase to at least 300,000 metric tons next year.
Reuters reported global nickel stockpiles are now rising slightly, putting pressure on prices, according to Norilsk Nickel (MCX:GMKN).
Bloomberg reports orders to draw nickel from stockpiles monitored by the London Metal Exchange rose to the highest level since April.
Mineweb reports an interview with Andrew Mitchell who says the future of nickel is reliant on China and how the country develops.
Bloomberg reports nickel surplus may narrow on increasing stainless-steel demand from China and stalled mining projects have lowered prices.
Bloomberg reports that base metals, like nickel, are up on concerns about tight supply.
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