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, [...]
Articles Tagged "steel mills"
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 [...]
By Leia Michele Toovey- Exclusive for Nickel Investing News Last Thursday, nickel rose the most in almost a month in LME trading after Industrial Metallurgical Holding said it may cut production because of this year’s price slump. Industrial Metallurgical shut its two nickel plants for 10 days at the end of July 2008 for maintenance [...]