Nickel – The nickel market is set to record a 90,000 MT surplus in 2013. Here's a look at what factors are at play in the situation and what needs to happen for that surplus to be reduced.
Articles Tagged "Norilsk Nickel"
Palladium – Mining Weekly reported that Norilsk Nickel OAO (MCX:GMKN), the world's top palladium producer, thinks that in 2013 the palladium deficit will rise 25 percent on the back of falling supplies. That will bring the deficit up to about 1 million troy ounces.
Nickel – Reuters reported that Russia’s Norilsk Nickel might halt operations at its nickel mine in Botswana due to a sharp drop in the prices of metals.
Nickel – Reuters reported that nickel prices have reached its lowest in four years at $15,092 per ton.
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 – The land down under is known for its dominance of the iron ore market, but its nickel mining history is also long and colorful.
Palladium – Data regarding key Russian palladium sources appears to support deficit forecasts.
Palladium – Forbes reported that palladium continues to outperform other metals as concerns about Russian supplies running out encourage a buying frenzy.
Nickel – Reuters reported that in a revision to the deal originally laid out, Russian tycoon Roman Abramovich will pay the firms of Vladimir Potanin and Oleg Deripaska directly for his stake in Norilsk Nickel (MCX:GMKN). Analysts have said that means the money won't go to minority investors and that Norilsk will likely have to borrow money in order to increase dividends as it has promised.
Nickel – Bloomberg reported that Norilsk Nickel (MCX:GMKN), the world's largest nickel miner and reportedly the biggest contributor to sulphur-dioxide pollution, is planning to initiate the first stage of a facility aimed at reducing these emissions in 2016.