By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel has kicked off 2009 as the worst performing metal; declining 15 per cent in the first two months of the year, the most among LME traded metals. Inventories are well on their way to rise above 100,000 tonnes, the highest since June 1995. Prices will [...]
Overview Based on Indicated and Inferred Resources for the Nokomis Deposit, the Nokomis Deposit ranks as one of the largest Polymetallic Resources to be discovered in North America in decades containing a higher than average grade for deposits within the Duluth Complex. The Nokomis Deposit is located in Northeastern Minnesota, southeast of the town of [...]
African assets of Norilsk Nickel would be profitable if world nickel price remain at USD 10,000 per tonne or more. Mr Oleg Pivovarchuk deputy director of Norilsk Nickel said: Now African assets of the company work with null profitability. Production cost is still at the level of USD 10000 per tonne of nickel. If the price goes lower [...]
Analysts feel that nickel price would soon start rallying once the market sentiment gets harder on the news of suspension of the metal production by one of the largest nickel producing companies in the world, For full story, click here
Steel and base metals work in the same cycle. A price rise in steel inevitably leads to a hike in nickel prices and the reverse is also true. For full story, click here
Nickel March 9 contract rose by 0.96 per cent to Rs 565.40 per kg, For full story, click here
Stock rise hit nickel, down nearly 7 percent to a session low of $10,950 a tonne. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices plunged 59 per cent last year, as demand around the globe collapsed. For the nickel market to improve in 2009, two key events need to transpire. First off, demand from steelmakers needs to improve, and secondly, China’s economy needs to grow. Currently, steelmakers are [...]
Slumping nickel prices and mounting costs are threatening the massive Ambatory mining project in Madagascar, owned 40 per cent by Sherritt International with Montreal’s SNC-Lavalin Group, Somitomo of Japan and Korea Resources as partners. Sherritt’s CFO Dan Chambers said: Ambatory now has an estimated capital cost of more than $3.5 billion U.S. and restructuring is [...]
Most of the Base metals witnessed slight bounce back from last week’s lows with wide directional divergence seen as individual metals reacted differently to short-term influences as the last full week of 2008 ended on a volatile note. Nickel gained 5 percent as the news of immediate financial aid to the US auto industry helped. [...]
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