By Leia Michele Toovey- Exclusive to Nickel Investing News The industrial metals experienced an early week price lift backed by stock market momentum from China’s stimulus plan. Further impetus to the metals came by way of a pledge by the G20 group to take all necessary measures to get financial markets back on their feet. [...]
Almost all industrial metals were higher, on hopes that China’s $855 bn economic stimulus plan will increase demand. Nickel rallied more than 13 per cent For full story, click here
London Metal Exchange copper dropped 4.9 % after LME inventories showed a hefty rise, dragging nickel, zinc, lead and tin lower. For full story, click here
London nickel leapt 11 % as industrial metals surged in the wake of China’s plans to inject $600 billion to shore up the world’s fourth-largest economy. For full story, click here
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
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 [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel has been on a downward trend for the past few months, but this week the metal used in stainless steel jumped on speculation that slowing global economies will further cut demand. Many nickel miners are taking on new business strategies to cope with the price [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel was down US$350 to US$16,650 at India’s Multi Commodity Exchange, MCX, on Monday.The benchmark September nickel MNKU8 was down 1.27 per cent at Rs 774.5. Nickel October contract was trading down 0.38 per cent at Rs 796.50 a kg. It opened at Rs 810.80 as compared [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News London Metal Exchange (LME) Nickel started the week on a sour note, continuing with the low levels that it had hit at the end of last week. Nickel’s drop came in as stockpiles in warehouses monitored by the LME advanced 378 tonnes to 51,864 tonnes, the highest [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News As last week came to a close, Nickel futures took their biggest weekly fall in almost four years. On India’s Multi Commodity Exchange, MCX, the benchmark September expiry contract nickel for delivery in three months plummeted by Rs 73 to Rs 742 a kg, compared to [...]
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