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 [...]
Mincor Resources estimates that if large laterite projects become uneconomical then the price of the metal could go through the roof in two years. David Moore, managing director, Mincor said: Low nickel price and higher cost of sulphur – used in the processing of some nickel ores – could prompt companies to defer the development of planned low-grade laterite [...]
Mincor Resources NL of Australia discovered an extension to its Miitel mine, its first in Western Australia’s mineral-rich Kambalda region. For full story click here
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