Eramet Nickel Stock Surplus Slipped Significantly in H1
French nickel producer Eramet declared that its nickel stocks have been reduced considerably recently due to production cut in the first half year of 2009. For full story, click here
Articles Tagged "stocks"
Nickel Price to Benefit from Vale Strike
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel will average 6 per cent higher in the fourth quarter than previously forecast after a strike at Vale will reign in supply. Vale workers at the Sudbury nickel operations in Canada are on strike as they are hard- balling management for a change in benefits [...]
China forecasted holding above 100,000 T Nickel Stocks
China is estimated to have added 88,000 tonnes of nickel in stocks in the first half of this year, reducing orders for spot imports as surplus supplies weighed on the domestic market, an analyst at Antaike, a state-owned research group. For full story, click here
Short covering boosts nickel prices
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel futures rose on Thursday as traders indulged in short covering with the view that demand is about to rise. Nickel futures on the MCX and the LME were tracking positive sentiment, on the indication that the global economy is stabilizing. This was a welcome turn [...]
Nickel onboard for a base metal rally
By Leia Michele Toovey- Exclusive to Nickel Investing News On Monday, Nickel prices extended last week’s rally; as positive manufacturing data out of China, the world’s third largest economy lifted the base metals. Extra impetus came as the weakening greenback made nickel more economical for holders of other currencies. Many analysts are still trigger shy [...]
Chinese Nickel Ore Stocks have hit 8.1 mln tonnes in April
China nickel stocks have hit about 8.1 million tonnes at ports by the end of April 2009 and 6.5 million tonne of the total were piled at Rizhao, Lanshan, Lianyungang and Tianjin Port. For full story, click here
Nickel Miners face long term battle despite rally
The strong rally in Australia’s mid-cap nickel miners since last week is a case of investors returning to less liquid and oversold stocks and not a reaction to the recent surge in the nickel prices where fundamentals are still poor. Peter Harold, managing director of Panoramic Resources, stated: Many of these stocks were sold down [...]
LME nickel prices not likely to sustain
LME nickel prices have currently strengthened a pace to fall and LME nickel stocks as of February 25th 2009 came to 98,600 tonnes, which indicated a power to reach 104,000 tonnes as recorded in May 1995 and corresponded to 8% of the global nickel production. For full story, click here
Nickel flatlines for 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 [...]
Nickel industry faces delays
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 [...]
