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, February 25, 2009
By Leia Michele Toovey-Exclusive to Nickel Investing News Nickel prices will most likely be flat, at best, in 2009, according to Robin Bhar, metals analyst for Calyon Credit Agricole CIB, London. However, nickel premiums are difficult to gauge in a market characterized by a lack of demand, rising stocks and sinking prices. LME nickel prices [...]
Continue reading "Nickel flatlines for 2009"
Thursday, February 12, 2009
Steel and base metals work in the same cycle. A price rise in steel inevitably leads to a hike in nickel prices and the reverse is also true. For full story, click here
Continue reading "Price rise in steel inevitably leads to a hike in nickel prices"
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"
Monday, February 2, 2009
Nickel prices would be tied to the fate of Steel industry and we expect the prices to trade in the range of $ 8,500 /tonne to $ 20,000/tonne at LME and Rs. 400 / kg to Rs. 960 / kg in domestic markets. For full story, click here
Continue reading "Nickel prices would be tied to fate of Steel industry"
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"
Friday, January 2, 2009
Nickel prices started the year on positive note, but could not hold on to its gain. Fall in steel demand put pressure on Nickel prices. Prices are trading at multiyear low. For full story, click here
Continue reading "Fall in steel demand put pressure on Nickel"
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"
Thursday, November 27, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News The global economic slowdown has impacted the stainless steel market, which has in turn curbed demand for nickel. Now, nickel market participants are struggling to stay afloat. The price of nickel used in stainless steel has slumped more than 60 per cent this year, and many [...]
Continue reading "Nickel miners scale back"
For upcoming nickel investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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NickelInvestingNews.com maintains a focus on Nickel exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
Monday, April 20, 2009