Articles Tagged "price"

Nickel, Copper, Lead, and Zinc Slides Down

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 [...]

LME Nickel Stocks at their highest since 1995

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 [...]

More nickel output cuts needed to erode surplus

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) ADDS HIGH GRADE ASSAYS TO NOKOMIS DEPOSIT

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 [...]