Indonesia’s nickel producer, PT International Nickel Indonesia Tbk’s (Inco) (INCO.JK) Q1 profit surged up to 19,811 metric tonnes in matte production, deliveries, and average realized price as compared to 16,220 metric tonnes in Q1 of 2009. The press release is quoted as saying: Nickel in matte production rose to 19,811 metric tonnes in the first [...]
In view of the rebounded nickel price, it is marked to see how the output of nickel contained pig iron in China moves. For full story, click here
According to World Bureau of Metal Statistics report, there is 56600 tonnes excess in the global market in the first three months of 2009. At the same time nickel output in the period dipped by 6.3 % YoY having made 316500 tonnes. For full story, click here
Vale Inco declared that it has extended a planned three-week scheduled maintenance closure at its Sudbury, Ont., mining and Port Colborne, Ont., refinery operations by an additional eight weeks through the end of July. For full story, click here
Xstrata Plc, the world’s fourth- leading nickel producer, declared the cost of developing the $3.8 billion Koniambo mine in New Caledonia remains unchanged after first output was delayed to 2012 from 2011. For full story, click here
Russian miner OAO Norilsk Nickel, the world’s leading nickel producer by production volumes, declared that its first quarter nickel output dipped 8% due to mine suspensions in Australia and lower production at its Finland and Russian operations. For full story, click here
Finnish nickel and zinc producer Talvivaara declared that it is unlikely to meet its nickel output targets for 2009 due to lower crushing levels. For full story, click here
Norilsk Nickel reported that prices are high enough for it to maintain spending and output, bucking an industry trend that is forecast to result in the largest ever production cuts. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing News As supply and demand fundamentals have rapidly diverged, nickel has slumped more than 80 per cent from its record $51,800 a tonne price reached in May 2007. Miners have been attempting to bring the split fundamentals into line with production cuts. So far cuts equal to about [...]
The nickel output in 2009 is anticipated to be strengthened to reduce at nickel producers, who are less competitive on its cost wise. For full story, click here
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