By Leia Michele Toovey- Exclusive to Nickel Investing News The mining giants that feed the world’s appetite for iron, copper and other industry staples earned piles of money as commodities prices soared the past. Now, they are facing a much different situation. Across the board metals prices have plunged. Right now on the London Metal [...]
The prospects for nickel companies and current historically low share prices could be either a good opportunity for the long term investor, or best watched from the sidelines until clarity prevails. For full story, click here
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 futures were bearish in trading on Wednesday on India’s Multi Commodity Exchange, the MCX. Nickel October contract was trading down 3.08 per cent at Rs 665 a kg as compared to its previous closing of Rs 686.10. While it opened at Rs 687.90 in the [...]
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 [...]
Analysts are predicting that soft demand from stainless steel makers and plentiful stocks will cause further weakness in nickel prices in 2008. For full news, click here
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 [...]
Nickel stocks get a beating on another fall in the nickel price in Australia. For full news, click here
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 stocks of Western Australia, such as Mincor and Panaromic Resources jumped on bourses due to positive newsflow about their respective projects. For more information, click here
Thursday, November 20, 2008