Nickel Investing News reports nickel prices rally last week.
Many analysts are still trigger shy at claiming the recovery is here, despite the continuing stream of data that points toward relief from the crisis, after the rapid slump altered expectations of how a recession should unfold. For the analysts that care to voice their opinion, there [...]
Nickel Investing News reports nickel price spurs with G20 leaders’ support for the global economy.
LME base metals posted gains across the board, with nickel leading the way, up 12.7 per cent. The impetus was a direct reflection of sentiment, but lacked a change in underlying supply-demand fundamentals. The sentiment adjustment also induced a short-covering rally, [...]
Nickel Investing News reports nickel has taken a dive to 80% since May 2007.
Nickel demand for 2009 is forecasted to see a second annual decline. Global demand will reach 1.15 million tonnes this year; consumption was 1.27 million tonnes last year. Stainless-steel accounts for about two-thirds of nickel demand. Demand from the top market, the Chinese [...]
Palladium Investing News reports one analyst have predicted that palladium prices could be in a range of $125 to $300 per ounce.
In his opinion, the outlook for palladium is positive in some of its applications. But a worsening economic climate and the possibility of a stronger US dollar could send palladium to as low as $125/oz during the [...]
Nickel Investing News reports nickel having the slowest price to rebound.
Output reduction in Japan and China decreased production by 6.1 per cent. World demand was down 1.9 per cent from the same period of the previous year. Nickel supply has outpaced demand every month since February 2007, when the market had a deficit of 4,600 metric [...]
Nickel Investing News reports nickel did not perform well in 2008, making it the worst performing commodity.
Despite weak fundamentals, nickel has kicked off 2009 with a rapid upswing in value. In just 3 days, nickel gained approximately 40 per cent on a buying spree that followed the annual reweighting of the commodity indexes. Analysts were cautious, [...]
Nickel Investing News reports nickel price had minimum effect with the Federal Reserves rate cut.
On India’s Multi Commodities Exchange (MCX), Nickel December 2008 contract opened at Rs 475.90 per kg as compared to its earlier closing of Rs 481, tossed in the range of Rs 467.10-485.90 and was last traded at Rs 475.90, down 1.06 per [...]
Palladium Investing News reports palladium price rebounded on Monday’s trading to more than 5%.
Palladium hit $176.50 per ounce as technical buying emerged after demand worries stemming from an ambiguous auto industry vote hit platinum group metals on Friday. Platinum and palladium traders are still awaiting the outcome of a new vote; anticipated to come through [...]
Nickel Investing News reports nickel prices fell and further declines is expected.
While the U.S. presidential race was coming to a close, early morning trading on India’s Multi Commodity Exchange (MCX) was underway. Nickel futures dropped sharply with the November 2008 contract opening at Rs 605 per kg compared to its earlier closing of Rs 612.10. [...]
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 [...]
Tuesday, June 2, 2009
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