Articles Tagged "posco"

Further downside expected for nickel

By Leia Michele Toovey- Exclusive to Nickel Investing News The price of nickel has been on a downward spiral since it touched a high of US$51,800 per tonne in May 2007.  Currently, the metal has been operating in the US$12,400 range, and further declines are expected.  Analysts predict that as the financial crisis spreads, nickel could [...]

POSCO starts nickel smelter when prices are easing

South Korea’s POSCO announced that it had launched a nickel smelting plant. Production comes at a time of high nickel inventories, falling prices & no prospect of short-term consumption recovery, pushing the market to below break-even level for some miners. For full story, click here For company’s website, click here

LME nickel stockpiles rise to highest levels since 1999

By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel companies are struggling to cope with dropping metal prices. On Wednesday, nickel prices were hammered again in a broader sell off triggered by demand worries. Nickel prices sunk as low as $10,000 per tonne by mid day after closing Tuesday at $10,700 per tonne on [...]

Low nickel prices drop stainless steel costs

By Leia Michele Toovey- Exclusive to Nickel Investing News On Tuesday, there was a rapid sell-off in all of the industrial metals as worries about the health of the global economy prompted investors to dump commodities. The drop in the price of nickel was short-lived, though. On Wednesday, nickel jumped to $19,175 compared to $18,100 as [...]