Nickel prices hit a 21-month high Wednesday, up 34.9 percent over the first quarter. Some analysts believe this trend will continue with expectations of stronger demand from stainless steel mills.
Continue reading "Nickel Prices Rally: Will Climb Continue?"
Thursday, July 16, 2009
Bloomberg declared that nickel open interest climbed to the highest since at least 2005 as factories that make stainless steel ramp up production. For full story, click here
Continue reading "Nickel opened Interest Reach Record High Since 2005"
Saturday, June 6, 2009
It is declared that Japanese domestic price of nickel based stainless steel scarp has lifted to JPY 130,000 to JPY 135,000 per tonne, which is JPY 10,000 per tonne higher than May. For full story, click here
Continue reading "Japanese Nickel based scrap price surged by 135,000 a tonne"
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"
Monday, April 20, 2009
By Leia Michele Toovey- Exclusive to Nickel Investing News Demand for nickel scrap lost its luster among offshore buyers in January, sinking to its lowest level in more than three years. Nickel prices have rallied as much as 14 per cent since the start of the month, but are likely to remain volatile. Analysts predict [...]
Continue reading "Nickel demand at four year low"
Wednesday, March 11, 2009
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices have slumped over 80 per cent to about $9,850 a tonne since reaching a record high of $51,800 in May 2007. Many nickel enterprises have already chosen to suspend production on account of low prices, but these output cuts have failed to keep pace [...]
Continue reading "Nickel’s near term outlook bleak"
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"
Wednesday, January 21, 2009
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, [...]
Continue reading "Growing inventories weigh on nickel"
Thursday, January 8, 2009
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel started the New Year with a bang, gaining 50% of its value in just two and a half days. The metal, used primarily as a component of stainless steel, was joined by the other major commodities in a rapid rebalancing. Last Friday nickel hit a [...]
Continue reading "Nickel on the fast track"
For upcoming nickel investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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Thursday, April 1, 2010