Trade volumes on the London Metal Exchange fell 4.3% in 2015, data from the bourse showed on Friday, dented by slowing growth in Chinese demand for commodities.
The management of embattled miner Queensland Nickel on Thursday said it was doing all in its power to ensure the company remained afloat, despite rumors to the contrary.
The London Metal Exchange (LME) will include ores and metal products in a new electronic system for tracking material stored outside its registered warehouses and may later expand to other commodities, an executive said.
[Ferro-Alloys.com] In Dec. 15th, The International Nickel Study Group published Tuesday that global nickel surplus shed to 6800t. During the first ten months, global nickel surplus is 67100t, accounting for 4 percent of the annual demand. Nickel oversupply dir...
The Queensland government has not made any decisions on whether to bail out embattled Queensland Nickel, Treasurer Curtis Pitt said this week. Queensland Nickel owner Clive Palmer had appealed to the government to provide “minimal assistance” to ensure the c...
Nickel gained 2% climbing back above $9,000 a tonne on the LME, recovering from a 12-year low of $8,145 a tonne earlier this week while strong gains were also seen in tin, zinc and aluminum in London and Shanghai.
[Ferro-Alloys.com] Since early 2015, nickel price plunged almost 50 percent whatever in China or international market and hit a decade low for the first time. About seventy percent of global nickel companies have been dragged into the hard period including Chi...
Nickel’s spectacular fall since the middle of last year may have come to a halt, but without significant, enduring output cuts and stronger demand from China’s stainless steel mills the reprieve coule be brief.