[Ferro-Alloys.com]Axiom Mining has outlined its intention to make a loyalty bonus option issue to shareholders.

Ferro-Alloys.com]London Metal Exchange (LME) nickel prices settled at US$8,040/ton on February 10th, dropping by US$60/ton from the previous day.

[Ferro-Alloys.com]Nickel developer Axiom Mining was targeting first shipment of ore from its Isabel nickel project, in the Solomon Islands, d

Nickel settled down -1.36% at 572.70 amid slowing Chinese demand. Trade is expected to wane ahead of Lunar New Year, which will shut China for a week from Monday.

Axiom Mining (ASX:AVQ) is edging closer to a milestone first shipment of nickel ore form the Isabel project in the Solomon Islands during Q1 2016 as a A$10 million financing facility and long-term offtake deal unfold.

Indonesia smelting and processing industry association (APPI) believes that the current trend of nickel demand increased from China, including processed nickel ore, such as nickel pig iron or nickel-iron.

The falling nickel price is heaping pressure on BHP Billiton's Nickel West business, which will increase imports of concentrate to sustain its operations after a string of local mine closures.

The Australian All Ordinaries fell back today on uninspiring overseas leads and more choppy commodity pricing.