Nickel Falls to Lowest in 4-Year Low
Nickel – Reuters reported that nickel prices have reached its lowest in four years at $15,092 per ton.
Articles Tagged "Nickel Market News"
Nickel Surplus Exceeds Estimates: Macquarie
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 Rout Eases With Production Costs Breached
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 Extends Drop, Falls to 8-Month Low
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 Hits 7-Month Low on Weak Chinese Data
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.
Norilsk Nickel Write-off Hurts Rusal 2012 Earnings
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 Advances as China’s March Loan Data Exceeds Estimates
Nickel – Bloomberg reported that nickel and other base metals gained as China’s loan data in March exceeded initial forecast.
Kibo, Votorantim Finalize JV Agreement for Haneti Nickel Project Exploration
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.
Profit Continues to Elude Talvivaara Nickel Mine
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.
Talvivaara Suffers Record Plunge on Another Wastewater Leak
Nickel – Bloomberg reported that Finnish nickel miner Talvivaara Mining Co plunged 18% after another leak was detected at its Sotkamo mining site.
