Nickel – Reuters reported that nickel prices have reached its lowest in four years at $15,092 per ton.
Articles Tagged "Nickel Market News"
Nickel – Bloomberg reported that nickel supplies will be higher than demand by about 52% and will have a surplus of 82,000 metric tons this year due to weak consumption globally, according to Macquarie Group Ltd.
Nickel – Bloomberg reported that nickel is bottoming as prices go below the cost of producing alternatives such as the nickel pig iron or NPI.
Nickel – Bloomberg reported that industrial metals continue to decline on the LME after economic data from the US and China raised concerns of a weakening demand.
Nickel – Reuters reported that nickel has hit a 7-month low on the LME ending at $15,695 as a weak economic data from China, the world’s biggest metal consumer, strengthened concerns on demand growth.
Nickel – Marketwatch reported that United Co. Rusal PLC said it expected Norilsk Nickel’s 2012 year-end results to adversely impact its overall 2012 earnings. The company has a 27.8% stake in Norilsk Nickel, which posted a net profit of $2.1B, lower by 41% as a result of its $976M write-off.
Nickel – Bloomberg reported that nickel and other base metals gained as China’s loan data in March exceeded initial forecast.
Nickel – Mining Weekly reported that Kibo Mining and Brazil’s Votorantim Metaís Participações are finalizing the JV agreement to start the exploration program at the Haneti nickel project.
Nickel – Reuters reported that Talvivaara, which was supposed to be Europe’s biggest nickel mine, continues to deal with problems and have had no success in ramping up production.
Nickel – Bloomberg reported that Finnish nickel miner Talvivaara Mining Co plunged 18% after another leak was detected at its Sotkamo mining site.