Is there a connection between nickel's price movements and the developments in the copper market? Nickel Investing News asked Wayne Atwell, Managing Director and Senior Metals Analyst for Rodman & Renshaw.
Articles Tagged "price"
There are still doubts over Europe’s $1 trillion emergency rescue plan. This year, Nickel (Ni) CMNI3 and lead CMPB3 fell more than 5 percent, while zinc (Zn) CMZN3 and aluminum (Al) CMAL3 fell about 4 percent and copper (Cu) fell nearly 3 percent. Christin Tuxen, analyst at Danske Bank is quoted saying: “There are some [...]
Nickel prices hit a 21-month high Wednesday, up 34.9 percent over the first quarter. Some analysts believe this trend will continue with expectations of stronger demand from stainless steel mills.
No other base metal is in such a poor state fundamentally, besides perhaps aluminium, yet nickel has seen its price surge by as much as 39% since 1st April, to more than $14,000/t by 12th May; it has since corrected with the rest of the complex to $12,350/t as at 15th May, says a research [...]
Vale Bets on Long-Term Nickel Price Strength as Construction Starts on $2 Billion Newfoundland Processing Plant. For full story, click here
Nickel miners, which have reported to be confronted by the most percentage-damaged industrial metal price since a collapse started in mid-2007, have seen the price stabilise, in a sense, during 2009 so far, around USD 5.00/lb. For full story, click here
Asian top nickel producer Jinchuan Group reported that it will increase its ex factory price of electrolytic nickel from CNY 89,000 per tonne to CNY 92,000 per tonne, the third time for its price hike in a month. For full story, click here
Asian nickel producer Jinchuan Group declared that it will increase its ex-work price of electrolytic nickel to 92,000 yuan per ton from 89,000 yuan per ton, which is the third time to incline the price in a month. For full story, click here
Nickel prices may drop further if producers do not make more cutbacks as a demand recovery is unlikely before the end of the year and inventories will continue to build at a fast clip. Gayle Berry, an analyst at Barclays Capital, said: If we want to balance the market we need more cutbacks. For full [...]
Duluth Metals (TSE:DM) released today new drill results from their Nokomis Deposit in Minnesota. Results included an intersection of 5 feet with 3.280% copper, 0.542% nickel, 23.6 g/t silver and 4.178 grams per tonne (g/t) Total Precious Metals (TPM = Platinum+Palladium+Gold). Duluth President and CEO, Dr. Henry Sandri is quoted as saying: As shown in [...]