Nickel prices are currently trading at around $18,800 per tonne, more than double the levels seen in March 2009. With higher nickel premiums, miners are keen to restart operations and bring on good times.
Like Vale Inco’s Canadian operations. Striking workers at Vale’s nickel-copper-cobalt mine in Voisey’s Bay are back at the bargaining table.
Not just the [...]
If new projects struggle to find their way onto the market, nickel prices could once again surge to US$ 50,000/t. Where does the answer lie?
LME prices peaked at just over US$ 52,000/t in May 2007, on the back of strong demand and low stocks, but fell by over 80 per cent by the end of [...]
By Melissa Pistilli-Exclusive to Resource Investing News
Diamond Investing News
The big four diamond miners, who account for 90 percent of the market, have all cut production as demand has significantly waned under the global economic crisis.
There is a glimmer of hope in the diamond industry that the sector will make a recovery in 2010. Speaking [...]
Nickel Investing News reports nickel prices making a comeback after the global commodity price meltdown.
Nickel was one of the biggest sufferers in the global commodity price meltdown, but this year it has been making a steady comeback fuelled by investment demand, Chinese imports, and now, a stainless steel market recovery. LME nickel stocks are currently [...]
Nickel Investing News reports nickel prices fell on Wednesday due to hurricane Ike in Cuba.
Production in the region was halted on Sunday before Ike made landfall with 195-kph winds in the eastern province of Holguin, where the mines and plants are located.
For complete story, click this link. Follow developments in resource mining and exploration for [...]
Tuesday, January 26, 2010
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