By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel is one of the leading indicator metals when it comes to economic health. The metal, used chiefly as a component of stainless steel, tends to be one of the first metals to fall when times are bad, as well as one of the first to [...]
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 has kicked off 2009 as the worst performing metal; declining 15 per cent in the first two months of the year, the most among LME traded metals. Inventories are well on their way to rise above 100,000 tonnes, the highest since June 1995. Prices will [...]
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. [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel companies are struggling to cope with dropping metal prices. On Wednesday, nickel prices were hammered again in a broader sell off triggered by demand worries. Nickel prices sunk as low as $10,000 per tonne by mid day after closing Tuesday at $10,700 per tonne on [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel has been on a downward trend for the past few months, but this week the metal used in stainless steel jumped on speculation that slowing global economies will further cut demand. Many nickel miners are taking on new business strategies to cope with the price [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices tumbled more than 5 per cent on Monday as investors sold-off metals amid financial turmoil after Lehman Brothers filed for bankruptcy. The decline in the U.S. dollar failed to compensate for the Lehman instigated sell-off flurry. Analysts, however, are urging investors to sit tight [...]
By Leia Michele Toovey – Exclusive to Nickel Investing News Nickel just cannot shake off its recent title of ‘Worst Performer’ in metals. Stockpiles, as monitored by the LME, have been increasing long enough for investors to shift blame from a summer lull to waning global demand. This latest accusation has some basis as data from both Europe and China point [...]
By Leia Michele Toovey – Exclusive to Nickel Investing News Not much action at MCX nickel counter this week At the MCX (India) nickel rose slightly, hitting $18.77 per kg. It opened at $18:68 per kg as compared to its previous closing of $18.61 per kg. Nickel August contract was trading up 0.58 per cent at $19.12 per kg as against [...]
Nickel rebounded from a two year low on LME as nickel stockpiles used in stainless steel industry declined to the smallest figure in eight months, which indicated a growth in supply. For full news, click here
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