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 [...]
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 [...]
The $787 billion fiscal stimulus plan inched its way through the legislative process and will be ready for presidential sign-off this week but it has already been eclipsed by concern as to what the U.S. government is going to do to recapitalise its banks. 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, [...]
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 [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News The industrial metals experienced an early week price lift backed by stock market momentum from China’s stimulus plan. Further impetus to the metals came by way of a pledge by the G20 group to take all necessary measures to get financial markets back on their feet. [...]
Almost all industrial metals were higher, on hopes that China’s $855 bn economic stimulus plan will increase demand. Nickel rallied more than 13 per cent For full story, click here
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