Nickel Investing News reports nickel prices fell almost 80% in less than two years, In the meantime, it is going to take time for the nickel industry to adjust to the current economy. The global nickel market will be in an 80,000 tonnes surplus in 2009, as falling demand continues to outpace cutbacks made by [...]
Articles Tagged "makers"
Nickel Investing News reports nickel prices aren’t shining in the near term and has fallen over 80%. Nickel futures declined this week on the MCX. The most actively trading, the nickel March contract, is trading down 1.58 per cent against its earlier close of Rs 505. Nickel April contract is trading lower by 1.41 per [...]
Nickel Investing News reports two factors to improve nickel prices despite last year’s biggest plunge in its price. For the nickel market to improve in 2009, two key events need to transpire. First off, demand from steelmakers needs to improve, and secondly, China’s economy needs to grow. Currently, steelmakers are running at about 50 per cent capacity, [...]
Nickel Investing News reports nickel prices remain low as manufacturers of stainless steel are using less nickel. China’s stainless steel producers are buying less nickel as a result of shrinking stainless demand, and at the same time the companies are making more products with low nickel content. Production of the rust proof metal is likely [...]