Nickel prices are currently trading at around $18,800 per tonne, more than double the levels seen in March 2009. With higher nickel premiums, miners are keen to restart operations and bring on good times.
Like Vale Inco’s Canadian operations. Striking workers at Vale’s nickel-copper-cobalt mine in Voisey’s Bay are back at the bargaining table.
Not just the [...]
Nickel prices have increased 58% so far this year to $18,500 a tonne, but are still around 64% below a record high of $51,800 hit in May 2007. well. Suitor Jilin Jien Nickel Industry Co makes a sweetened offer to Canadian Royalties Inc, by extending its $192 million bid.
The new deal is in sharp contrast [...]
Nickel Investing News reports nickel prices soared on the London Metal Exchange due to Vale Inco’s strikes.
Vale Inco declared force majeure Friday because of ongoing strikes at its nickel operations in Sudbury, its nickel refinery in Port Colborne, and its nickel, copper and cobalt operations in Voisey’s Bay, Newfoundland and Labrador. In Greater Sudbury, more [...]
Lead Investing News reports lead prices have significantly fallen to about 57% this year.
So far, the mass amount of output cuts by lead and zinc companies have done little to stabilize the metals’ precipitous price decline.
Australian miner Oz Minerals Ltd (ASX:OZL), already in trouble due to the sharply falling value of metals, has been given [...]
Nickel Investing News reports nickel markets were relieved with China’s stimulus package recently.
A declining greenback made the metals more economical for holders of other currencies. Short covering as investors who had bet on lower prices bought back their positions helped nickel rise 13 per cent.
For complete story, click this link. Follow developments in resource mining [...]
Palladium Investing News reports on the newly elected President of America and its impact on palladium prices.
Palladium prices are based on U.S. currency, so Tuesday night’s election result will impact palladium’s post election price. A win by Democrat Barack Obama over his Republican opponent John would be marginally better for the dollar, but only because the [...]
Nickel Investing News reports nickel futures are falling and companies are coping with this fall with restrategizing themselves.
Many nickel miners are taking on new business strategies to cope with the price crash of nickel. Last week’s volatile stock market must have pushed many miners to reevaluate, as this week there has been a frenzy of [...]
Tuesday, January 26, 2010
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