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.
Nickel prices is expected to rise sharply last year, but fell to 12-year low in the end of 2015. However, the situation has not been improved in beginning 2016, due to the sluggish market demand
Reuters reported that the nickel price hit its lowest level in 12 years on Tuesday on the back of concerns about high inventories. As of Tuesday, refined nickel inventories on the LME MNISTX-TOTAL were sitting at 437,334 tonnes, having risen 11 percent in the ...
A few days ago, Sudirman, the minister of Energy and Mineral Resources Department in Indonesia, claimed that the government would relax its regulations on concentrate export but maintain the original ore ban.
[Ferro-Alloys.com] According to Custom’s Statistics, China imported ferronickel of 62581.866t in November, an increase of 159.9 percent year over year. From January to Novenber, China totally imported ferronickel of 625927.427t, an increase of 145.35 percent ...