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 have fallen almost 80% since May 2007.
Nickel prices will most likely be flat, at best, in 2009, according to Robin Bhar, metals analyst for Calyon Credit Agricole CIB, London. However, nickel premiums are difficult to gauge in a market characterized by a lack of demand, rising stocks and sinking [...]
Nickel Investing News reports nickel gained 50% of its value in the New Year.
So why the sudden rebound? The rapid ascent was due to the price index signaling that prices for the base metals and raw materials have bottomed out. At the same time, the Chinese government seized the opportunity and announced their intention to [...]
Nickel Investing News reports nickel prices fell as producers have to delay their projects.
So far, in 2008, and extending into 2009, mines in Australia, Canada, Finland, Africa and Asia have cut output by approximately 49,500 tonnes; smelters will process 54,000 fewer tonnes. In addition, many companies that had planned expansions based on higher prices have been forced [...]
Nickel Investing News reports in India, nickel futures were bearish.
Nickel October contract was trading down 3.08 per cent at Rs 665 a kg as compared to its previous closing of Rs 686.10. While it opened at Rs 687.90 in the morning trade, nickel November contract moved down 3.17 per cent at Rs 679 a kg [...]
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
0 Comments