President of Baosteel’s Stainless Steel Business Unit, Lou Dingbo said on Wednesday that nickel demand is expected to rise by 5 percent in 2010 due to China’s clear cut stainless steel consumption. Click here to access the entire news
Continue reading "China Nickel Demand Up by 5% in 2010"
Friday, May 14, 2010
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 [...]
Continue reading "Nickel, Copper, Lead, and Zinc Slides Down"
Tuesday, April 28, 2009
Domestic nickel prices rose from CNY 90,000 per tonne to almost CNY 130,000 per tonne, following a recent rally of international nickel prices. For full story, click here
Continue reading "Domestic nickel prices rose in Chinese Nickel Market"
Wednesday, April 22, 2009
Indonesian nickel producer PT Aneka Tambang is bringing forward repairs on a nickel smelter in expectation of higher prices, Antam said in a press statement Tuesday. For full story, click here
Continue reading "Antam Advances Nickel Smelter Repairs On Higher Prices"
Monday, April 20, 2009
By Leia Michele Toovey- Exclusive to Nickel Investing News Demand for nickel scrap lost its luster among offshore buyers in January, sinking to its lowest level in more than three years. Nickel prices have rallied as much as 14 per cent since the start of the month, but are likely to remain volatile. Analysts predict [...]
Continue reading "Nickel demand at four year low"
Friday, March 13, 2009
Prices of nickel moved down moderately on the non-ferrous metal market here today due to lack of demand from industrial users. For full story, click here
Continue reading "Nickel prices fell"
Thursday, March 12, 2009
LME nickel prices have currently strengthened a pace to fall and LME nickel stocks as of February 25th 2009 came to 98,600 tonnes, which indicated a power to reach 104,000 tonnes as recorded in May 1995 and corresponded to 8% of the global nickel production. For full story, click here
Continue reading "LME nickel prices not likely to sustain"
Wednesday, March 11, 2009
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices have slumped over 80 per cent to about $9,850 a tonne since reaching a record high of $51,800 in May 2007. Many nickel enterprises have already chosen to suspend production on account of low prices, but these output cuts have failed to keep pace [...]
Continue reading "Nickel’s near term outlook bleak"
Sunday, February 22, 2009
PT International Nickel Indonesia reported that its 2008 net profit declined 69.4 percent to $359.3 million because of the steep fall in nickel prices. For full story, click here
Continue reading "Indonesia Inco reports 69.4 pct decline in ’08 net"
Thursday, February 19, 2009
Nickel touched a low of $9,875, the weakest since Dec. 30. For full story, click here
Continue reading "Nickel touched a low of $9,875"
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Wednesday, May 26, 2010