By Leia Michele Toovey- Exclusive to Nickel Investing News On Monday, Nickel prices extended last week’s rally; as positive manufacturing data out of China, the world’s third largest economy lifted the base metals. Extra impetus came as the weakening greenback made nickel more economical for holders of other currencies. Many analysts are still trigger shy [...]
French mining group Eramet declared that it has expected a very significant first-half operating loss as it reported a 41 percent dip in first-quarter sales amid weak prices and demand for metals. For full story, click here
Declining sales of appliances along with weak demand from China are the main reasons for the fall in price of Nickel since March 2007. For full story, click here
Reuters reported that PT Aneka Tambang Tbk of Indonesia, state owned miner, has revised its nickel sales target up by nearly 6% for 2008 from an earlier target to increase revenue as nickel prices lessen. Mr. Alwin Syah Loebis, president director of Antam, was quoted as saying: We plan to increase ferronickel sales in anticipation [...]
Indonesia’s Aneka Tambang Tbk revised its nickel sales target up by nearly 6 percent for 2008 from an earlier target to increase revenue. Antam President Director Alwin Syah Loebis said: The company now plans to sell 18,000 tonnes of ferro-nickel this year, up 5.88 percent from an initial target of 17,000 tonnes. For full story, [...]
Indonesia’s state-owned miner, PT Aneka Tambang Tbk reported decline in its second-quarter sales by 5 percent due to lower nickel prices and a fall in output due to maintenance at one of its smelters. For full story, click here
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