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 [...]
Albidon has suspended the development of the northern decline at its Munali nickel project in Zambia as the current nickel price environment did not warrant the capital expenditure on the project. For full story, click here
Norilsk Nickel says nickel, platinum and palladium output to fall from previously planned levels. Plans to cut copper output next year only, while further falls expected in platinum and palladium. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing News Under the weight of high inventories, nickel is anticipated to be one of the slowest industrial metals to rebound. LME stocks of nickel are at their highest since around mid-1995. The world refined nickel market was in surplus by 42,900 metric tonnes in January-November of 2008, [...]
FNX Mining Company Inc. announces plans to extend the suspension of nickel ore production at its Levack Mine and to also suspend production of nickel ore from its adjoining McCreedy West Mine, effective immediately. For full story, click here
FNX Mining Company Inc. announces plans to extend the suspension of nickel ore production at its Levack Mine and to also suspend production of nickel ore from its adjoining McCreedy West Mine, effective immediately. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing News The sharp retreat in the price of nickel in 2008 as demand from the key stainless steel sector plummeted has forced several producers to curb output or defer projects. So far, in 2008, and extending into 2009, mines in Australia, Canada, Finland, Africa and Asia have [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News The price of nickel has been on a downward spiral since it touched a high of US$51,800 per tonne in May 2007. Currently, the metal has been operating in the US$12,400 range, and further declines are expected. Analysts predict that as the financial crisis spreads, nickel could [...]
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 The price of nickel used in stainless steel has slumped more than 60 per cent from the beginning of this year and some mining companies have been forced to cut back output or delay projects as prices have fallen below the marginal cost of production. Nickel [...]
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