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 [...]
Continue reading "Rate cut has minimal influence on nickel"
Tuesday, December 9, 2008
Moly Investing News reports molybdenum finally took a hit in the fall as economic crisis spreads. The alloying metal is down 65 per cent this year, and this decline was seemingly overnight. Molybdenum is a minor metal, therefore, purchase contracts come up less often than the big players copper and nickel. For complete story, click this link. Follow developments [...]
Continue reading "Opportunity in times of crisis"
Thursday, November 27, 2008
Nickel Investing News reports nickel prices fell more than 60% this year as the global slump has got nickel miners scaling back. Nickel hit a record high of $51,800 a tonne in 2007, and is now selling around $10,300 a tonne on the LME. Analysts estimate that the collapse in nickel prices has prompted production cutbacks [...]
Continue reading "Nickel miners scale back"
Thursday, November 20, 2008
Nickel Investing News reports nickel prices have been hit pretty hard trading at $10,000 per tonne as compared to $33,000 in February on the London Metal Exchange. When it comes to mining, Australia is taking the brunt of the hit. The large amounts of miners in the area are struggling to cope with the metal’s recent [...]
Continue reading "Mining giants feel the pinch"
Thursday, November 13, 2008
Nickel Investing News reports nickel markets were relieved with China’s stimulus package recently. A declining greenback made the metals more economical for holders of other currencies. Short covering as investors who had bet on lower prices bought back their positions helped nickel rise 13 per cent. For complete story, click this link. Follow developments in resource mining [...]
Continue reading "China’s stimulus package gives nickel short-term relief"
Thursday, November 6, 2008
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. [...]
Continue reading "Further downside expected for nickel"
Thursday, October 30, 2008
Nickel Investing News reports nickel market price have been falling with the recent global economic downturn. The price of nickel used in stainless steel has slumped more than 60 per cent from the beginning of this year and some mining companies have been forced to cut back output or delay projects as prices have fallen below [...]
Continue reading "Miners adjust operations to cope with low nickel prices"
Thursday, October 23, 2008
Nickel Investing News reports nickel metal prices have been falling causing nickel companies to struggle. Nickel prices sunk as low as $10,000 per tonne by mid day after closing Tuesday at $10,700 per tonne on the LME. With average production costs of nickel estimated at $10,500- $11,000 per tonne. At this price many nickel companies are [...]
Continue reading "LME nickel stockpiles rise to highest levels since 1999"
Tuesday, October 14, 2008
Nickel Investing News reports nickel rallied while efforts were made to fight the global recession. On the MCX, Nickel Futures were bullish, Nickel October contract gained 3.73 per cent at Rs 603.50 per kg; down from its opening price of Rs 606.90, but up compared to Friday’s closing price of Rs 581.80. Nickel November contract jumped [...]
Continue reading "Nickel takes an upward swing"
Thursday, October 9, 2008
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 [...]
Continue reading "Market flop hindering nickel mine financing"
Below is a list of the sites in the Resource Investing network:
For an overview of oil and gas news, please see OilandGasInvestingNews.com
ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry. Also, check for profiles of companies doing great things to improve mining best practices.
For upcoming resource investing trade shows, see the following links: Cambridgehouse, IIC
The Resource Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
Copyright © 2008 Dig Media DigMediaSolutions.com 740 Nicola Street Ste 100, Vancouver BC V6G 2C1
Thursday, December 18, 2008
0 Comments