Reuters reported that Rio Tinto’s announcement of $14B worth of impairments could foreshadow other mining companies’ writedowns, including BHP and Vale’s underperforming nickel projects.
The wave of supply expected to flood the nickel market may never come, states a new report, and that could lift nickel prices this year.
Reuters reported Vale SA (SAO:VALE5) will sell its underperforming assets in an effort to control costs and boost profit.
CNBC reported Vale (SAO:VALE5) says it will close its Frood nickel and copper mine in Canada.
Vale's base metal operations — including nickel — continue to underperform, fueling speculation that a sale may be in the works.
Platts reported lower-than expected nickel output at two Vale (SAO:VALE5) mines means the company may not meet its output target for 2012.
A brief overview of the history of nickel's use and a look at what may be in store for the metal.
Reuters reported Brazilian federal prosecutors have asked a court to suspend operations at Vale's (SAO:VALE5) Onça Puma nickel project.
Reportlinker.com announced a new market research report on the nickel industry.
Reuters reported Vale (NYSE:VALE) will suspend sales and purchase agreements at its Goro project on the French Pacific island of New Caledonia after an accident at the mine's sulfuric acid plant.
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