Metal Miner reported nickel was the biggest mover on its Steel Index for the week witha 1.7% increase to $16,100 per metric ton on Sept. 7, 2012.
Articles Tagged "steel"
Reuters Africa reported Western Areas (ASX:WSA,TSX:WSA) will sell Jinchuan Group (HKG:2362) up to 15,000 tonnes of nickel in concentate.
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 [...]
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 [...]
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
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, [...]
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
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, [...]
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 [...]
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