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Nickel joins as base metals slide

Wednesday, June 17, 2009

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Nickel took part in the base metal’s slide this week; with nickel futures dropping from cash buyer $15,600 per tonne on the LME last Friday, to $14,950 per tonne on Tuesday’s close. The sharp losses in futures values hit all the base metals as another round of fear spread through the markets.

Nickel onboard for a base metal rally

Tuesday, June 2, 2009

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On Monday, Nickel prices extended last week’s rally; as positive manufacturing data out of China, the world’s third largest economy lifted the base metals. Extra impetus came as the weakening greenback made nickel more economical for holders of other currencies.

Steelmakers’ search for nickel substitute in hiatus

Wednesday, April 29, 2009

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Nickel’s plummet from all time highs may actually work out in the end to benefit the metal. The hunt for effective substitutes for nickel in making stainless steel may have slowed down after nickel prices tumbled around 80 per cent in less than two years.

Nickel demand at four year low

Monday, April 20, 2009

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Demand for nickel scrap lost its luster among offshore buyers in January, sinking to its lowest level in more than three years. Analysts predict gloomy prospects for nickel, given the enduring downturn in the stainless steel market, the main consumer of nickel.

African Eagle declared new Low-Cost Tanzanian Nickel Mine by 2012

Fri, Jul 3, 2009

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The major nickel discovery at Dutwa in Tanzania was poised to eventuate into a low-cost mine by 2012 when some analysts were forecasting a nickel price of $8/lb, African Eagle operations director Chris Davies announced at the weekend. For full story, click here

BHP Billiton has offloaded Yabulu Nickel Refinery

Fri, Jul 3, 2009

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BHP Billiton has appeared closer to selling its mothballed Ravensthorpe nickel mine in Western Australia after iron ore billionaire Clive Palmer bought its Yabulu nickel refinery in Queensland and declared an interest in the troubled project. For full story, click here

Nickel Prices has continued to trade higher on Global Cues

Fri, Jul 3, 2009

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The surging trend in nickel remained unabated on the non-ferrous metal market here today on the back of heavy stockists purchasing driven by firming trend in overseas market. For full story, click here

Macro Asia still pursuing Nickel Project

Fri, Jul 3, 2009

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Listed Holding company MacroAsia Corp. has expected to complete exploration early next year to move forward its mining project in the nickel-rich southern Palawan. For full story, click here

BHP Billiton has sold Yabulu Nickel Refinery in Queensland

Fri, Jul 3, 2009

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BHP Billiton, the world’s leading miner, has agreed to sell its Yabulu nickel refinery in Queensland to Australian mining magnate Clive Palmer for an undisclosed amount. For full story, click here

Phillippines’ Semirara halted Nickel Project on Weak Prices

Fri, Jul 3, 2009

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The Philippines’ Semirara Mining Corp declared that its 50-percent-held unit has suspended operations at a nickel project north of the capital due to low prices of the metal. For full story, click here

DMCI has closed down Nickel Mine

Thu, Jul 2, 2009

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The Mining unit of Consunji-led DMCI Holdings, Inc. has suspended its nickel operations in Zambales because of the steep dip in world prices. For full story, click here

BHP Billiton declared Australia Nickel Mine hit by 2nd rockfall

Thu, Jul 2, 2009

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For the second time in less than a month BHP Billiton Ltd has temporarily closed its Perseverance nickel mine in west Australia due to rock falls around the site. For full story, click here

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