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"
Wednesday, September 10, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel futures fell on Wednesday after Cuba announced that its nickel operations escaped the wrath of Hurricane Ike. Production in the region was halted on Sunday before Ike made landfall with 195-kph winds in the eastern province of Holguin, where the mines and plants are located. [...]
Continue reading "Nickel futures fall as Cuban nickel operations escape Ike"
Thursday, September 4, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News London Metal Exchange nickel dropped by approximately five per cent to two week’s low as the stronger greenback made the metal more expensive for holders of other currencies. Nickel dropped by 4.7 per cent to US$19,300 a tonne, it’s lowest since August 20, 2008. LME inventories [...]
Continue reading "Strengthening greenback puts downward pressure on Nickel"
Wednesday, August 20, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News Miners across the globe are a worried lot, what with the plunging price of nickel putting pressure on companies to streamline operations. Mines in Australia have been especially hard hit, due to the weakening Australian dollar; down 10 per cent against the US greenback since mid [...]
Continue reading "Mining companies changing gears in the face of low nickel prices"
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Wednesday, October 22, 2008