Bloomberg reports nickel is the only base metal traded on the LME to record a decline in its inventories this year. Refined nickel usage exceeded output by 24,000 metric tons in the first half, according to estimates by Barclays Capital.
First Point Minerals Corp. has outlined a drill target on the Klow property based on exploration field work on its nickel-iron alloy project.
With the metal production in surplus, Western industrial growth seemingly stalled and Chinese demand slack prospects for the nickel price are seen as precarious
A new cost-effective way to process nickel laterites known as the DNi Process will be thoroughly examined by a test plant currently being built in Western Australia.
Victory Nickel Inc. CA:NI today announced further results from drilling conducted on the North Limb nickel-mineralized domain at its 100% owned Minago Nickel Project located on the Thompson Nickel Belt approximately 485 kilometres north of Winnipeg, Manitoba.
First Nickel Inc. (TSX:FNI) has finalized copper and nickel hedging contracts with two international banks that will help the miner begin operations again in northern Ontario, the Winnipeg Free Press reported:
Vancouver-based Quadra FNX Mining increased second-quarter copper production by 20% compared with the first three months of the year, and still expects to meet its full-year forecast of within 10% of 240-million pounds.
RIA Novosti reports that Norilsk Nickel has sold 8.06 percent of its shares to two offshore companies, Delmonico Group and Crelios Investment, for over $2.77 billion, the company said in documents obtained by RIA Novosti on Monday.
AusNiCo has intersected 181 meters at 0.25% nickel from drilling at the Pembroke prospect, supporting extensions to its large low grade nickel sulphide mineralized system.
Chinese state-owned company Dafeng Port Group plans to set up a ferronickel industry in Kotabaru, South Kalimantan with a production capacity of 200 million metric tons a year. The president director of Dafeng Port Group Co. Ltd., Ni Xiangrong, said here on Saturday the Dafeng Port Group Co.Ltd. has successfully developed an integrated economic zone in China and plan to build a ferronickel industry and its support industries in Kotabaru.