Nickel price is soaring

MINEX Forum | June 4, 2018
img0 The nickel price is on a tear supported by environmental production cuts across top producer China, plunging inventories and strong steel prices. Nickel stocks in ShFE warehouses have dropped 39% over the past four months while inventories controlled by the LME have declined for 18 consecutive days. Total exchange stocks have dropped to below 300,000 tonnes, ...

Russia fears light fire under nickel price

MINEX Forum | April 26, 2018
img0 Nickel surged to a more than three-year high amid growing fears that Russia’s Norilsk Nickel, top producer of the metal, could be the next victim of US sanctions against Russia that has already caused chaos on aluminum markets. Nickel, used primarily in steelmaking, jumped as much as 4.6%  to $14,870 a ton on the London Metal ...