By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel futures rose on Thursday as traders indulged in short covering with the view that demand is about to rise. Nickel futures on the MCX and the LME were tracking positive sentiment, on the indication that the global economy is stabilizing. This was a welcome turn [...]
Continue reading "Short covering boosts nickel prices"
Monday, June 15, 2009
Vale Inco’s Copper Cliff Smelter in Sudbury routinely processes nickel at temperatures approaching 1200 degrees centigrade. But the infrastructure holding the smelter’s two furnaces in place must be inspected, and repaired or replaced every 18 months. For full story, click here
Continue reading "Vale Inco’s Nickel Smelter Maintenance is on a tight schedule"
Wednesday, April 29, 2009
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel’s plummet from all time highs may actually work out in the end to benefit the metal. The hunt for effective substitutes for nickel in making stainless steel may have slowed down after nickel prices tumbled around 80 per cent in less than two years. While [...]
Continue reading "Steelmakers’ search for nickel substitute in hiatus"
Wednesday, March 4, 2009
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel has kicked off 2009 as the worst performing metal; declining 15 per cent in the first two months of the year, the most among LME traded metals. Inventories are well on their way to rise above 100,000 tonnes, the highest since June 1995. Prices will [...]
Continue reading "More cuts needed to stabilize nickel"
Wednesday, February 4, 2009
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices entered the New Year with upward momentum, as the annual commodity index rebalancing was positive for the base metals. Now, it is one month into the year and the gains have halted. London Metal Exchange three-month nickel closed Friday at US$11,150 a metric tonne, [...]
Continue reading "Lack of purchases halt nickel"
Thursday, January 29, 2009
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 [...]
Continue reading "Cutbacks make way for nickel boom"
Thursday, December 4, 2008
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 [...]
Continue reading "Nickel industry faces delays"
Wednesday, November 12, 2008
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. [...]
Continue reading "China’s stimulus package gives nickel short-term relief"
Monday, November 3, 2008
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
Continue reading "POSCO starts nickel smelter when prices are easing"
Wednesday, October 22, 2008
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 [...]
Continue reading "LME nickel stockpiles rise to highest levels since 1999"
For upcoming nickel investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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Thursday, July 9, 2009