Sherritt expects volatile nickel market
Sherritt International Corp. expects a volatile nickel market this year and next as the global demand picture for the commodity remains unclear, according to its top executive.
Sherritt International Corp. expects a volatile nickel market this year and next as the global demand picture for the commodity remains unclear, according to its top executive.
Nickel major Norilsk is preparing to start its Honeymoon Well project, in Western Australia, following positive studies completed in 2011, director of overseas operations Roman Panov said this week.
CaNickel Mining Ltd. ("CaNickel" or the "Company") (TSX:CML), is pleased to report that it has successfully implemented long hole stoping mining method and achieved record mine production at its 100% own Bucko Lake mine, Manitoba, Canada.
URSA Major Minerals Incorporated ("URSA Major" or the "Company") (TSX:UMJ) has temporarily suspended operations at the Shakespeare Nickel Mine, located 70 km west of Sudbury, Ontario.
BHP Billiton Ltd., the world’s largest mining company and the fourth-largest nickel producer, announced today that is decreasing mining operations at its West Australian locations by 30 percent.
RBC Capital Markets forecasts copper demand growth of 3.6% in 2011, 5.5% in 2012, 5.6% in 2013, and trend growth of approximately 4.0% in 2014 and 2015.
African Eagle is moving ahead with metallurgical testwork on its big Dutwa nickel resource in Tanzania and has contracted SGS Metallurgy of Perth to undertake this.
The miner is expecting to reduce production this year to adapt to a slight fall in global metals demand, but does not see a slump into another global economic crisis.
The Standard & Poor’s GSCI Spot Index of 24 raw materials rose 0.4 percent to close at 659.77 at 4:27 p.m. in New York, led by nickel.
Although Barclays is positive on the prospects for commodity prices in Q1, for now they are still positioning relatively cautiously across sectors.