With other base metals reacting positively to last week’s results from the European Bank stress tests, nickel prices started the week flat. But, if demand for nickel is soft in the short-term, analysts believe it will be temporary as the supply-demand balance continues to improve.
Nickel prices hit a 21-month high Wednesday, up 34.9 percent over the first quarter. Some analysts believe this trend will continue with expectations of stronger demand from stainless steel mills.
On Wednesday, it was reported that Brazilian miner Vale (VALE5.SA) will restart one nickel mine and boost production at another at its Sudbury, Ontario, operation despite a seven-month strike at the complex. The press release is quoted as saying: Vale will restart its Creighton nickel mine and run it up to full production, and will [...]
Vale SA has stopped output at its Thompson nickel mine and processing plant for a scheduled maintenance on August 1st 2009, and bringing its entire Canadian nickel operations to a halt. For full story, click here
Vale SA declared that it stopped output at its Thompson nickel mine and processing plant on August 1st 2009 for scheduled maintenance, bringing its entire Canadian nickel operations to a halt. For full story, click here
As per CPM Group, nickel will average 6% higher in the fourth quarter than previously forecast after a strike at Vale SA and surged imports by China. For full story, click here
It is declared that the strike at Vale Inco is beginning to bite into nickel inventories, prompting a Timmins area nickel miner to re activate one of its two dormant mines. For full story, click here
The strike at Vale Inco is beginning to bite” into nickel inventories as per one analyst, prompting a Timmins-area nickel miner to re-activate one of its two dormant mines. For full story, click here
Nickel prices are trading strong due to higher equities and a strike at Brazilian miner Vale`s Canadian nickel operations also supported the market sentiment. For full story, click here
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 [...]
Tuesday, July 27, 2010