Nickel News

Nickel mining, investment and price news

Weak iron ore prices cause Vale $1.44 billion loss in Q3

Cecilia Jamasmie | October 30, 2014
Weak iron ore prices cause Vale $1.44 billion loss in Q3

While the miner produced a record amount of iron ore, turmoil in currency and commodity markets overshadowed any production gains.

Nickel price jumps again – Chinese stocks gone by April

Frik Els | October 29, 2014
Nickel price jumps again – Chinese port stocks gone by April

After a brutal two-month sell-off, the nickel price is recovering as Chinese port stocks are depleted and global stainless steel output picks up.

Space miner loses first satellite in rocket explosion

Cecilia Jamasmie | October 29, 2014
Space miner loses first satellite on rocket explosion

The affected company is Planetary Resources, the U.S.-based start-up aiming to mine asteroids.

Freeport-McMoRan's profit down 32% amid lower copper, gold prices

Cecilia Jamasmie | October 28, 2014
Freeport-McMoRan's profit down 32% amid lower copper, gold prices

The U.S. largest miner by market value and revenue is also dealing with a strike threat at its Indonesia's Grasberg copper and gold mine, which recently resumed operations.

BHP to sell US shale assets, limit annual capex to $14 billion

Cecilia Jamasmie | October 27, 2014
BHP to sell US shale assets, limit annual capex to $14 billion

The world’s biggest miner unveiled details about how it expects to meet cost-reduction and productivity improvement targets.

Brazil’s Vale close to becoming world’s largest nickel producer

Cecilia Jamasmie | October 24, 2014
Brazil’s Vale close to becoming world’s largest nickel producer

The miner beat estimates after logging a 16% jump in Q3 nickel production, taking total output of the metal this year to 201,400 metric tons.

Worldwide nonferrous metals exploration budgets down 25% in 2014

SNL Metals & Mining | October 22, 2014
exploration mining geologist

Total worldwide budget for nonferrous metals exploration dropped to US$11.36 billion in 2014 from US$15.19 billion in 2013 — a 25% decrease.

Hopes for Ontario’s Ring of Fire doused as mining companies grow wary

Globe and Mail | October 22, 2014

Ontario’s “Ring of Fire” mineral belt was supposed to be a $60-billion natural resources treasure trove that would bring employment and economic prosperity to a remote part of the province’s north. It hasn’t worked out that way.

BHP shoots the lights out

Frik Els | October 21, 2014
BHP shoots the lights out

Petroleum, met coal, iron ore production set new quarterly records. Fall in copper volumes not enough to dent 9% overall output growth.

Stefan Ioannou: copper, nickel and zinc won't be cheap for long

The Mining Report | October 21, 2014
Copper near 12-week high on hopes of Chinese stimulus

The all-powerful U.S. dollar is currently hammering base metals and base metal equities. Haywood Securities Mining Analyst Stefan Ioannou says that increasing demand and near-term supply shortages make base metals a bargain that won't last.

Greenland explorer tearing it up after assays

Frik Els | October 21, 2014
Greenland explorer tearing it up after assays

Vancouver-based junior jumps 7% after assays from prospect on 3,600km2 coastal property returns strong copper-nickel-cobalt and platinum group results.

Vale to ditch 20% of its nickel assets in Indonesia

Cecilia Jamasmie | October 17, 2014
Vale to ditch 20% of its nickel assets in Indonesia

The agreement signed with Indonesia’s outgoing government also means higher royalties to be paid by the firm.

Platinum, palladium price-setting technology ‘optimum’ for gold: LME

Cecilia Jamasmie | October 17, 2014
Platinum, palladium price-setting technology ‘optimum’ for gold: LME

The LME says its electronic solution for the platinum and palladium price — LMEbullion — could benefit gold bugs.

BHP bows to pressure, to list spinoff in London

Cecilia Jamasmie | October 16, 2014
BHP bows to pressure, to list spinoff in London

The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.

Mick Davis has now almost $5 billion to build new mining empire

Cecilia Jamasmie | October 15, 2014
Mick Davis has now almost $5 billion to build new mining empire

The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."

Former Xstrata boss tried buying BHP’s coal division: report

Cecilia Jamasmie | October 10, 2014
Former Xstrata boss tried buying BHP’s coal division: report

It is unclear whether Mick Davis bid for all the assets that BHP ended up including in the new to-be listed firm.

Cutifani says tough decisions needed to restore credibility

Cecilia Jamasmie | October 8, 2014
Cutifani says tough decisions needed to restore credibility

Anglo's chief warned the company plans to take severe measures over the next two years.

Open the door

Nickel is present in over 3000 different alloys that are used in over 300,000 products for consumer, industrial, military, transport/aerospace, marine and architectural applications.

Ship laden with Arctic nickel on historic Northwest Passage voyage

Frik Els | October 3, 2014
Ship laden with Arctic nickel on historic Northwest Passage voyage

The polar class vessel is loaded with a cargo of nickel concentrate from Nunavik’s Deception Bay destined for the port of Bayuquan, northern China.

Blockade lifted at Freeport Grasberg mine in Indonesia

Cecilia Jamasmie | October 3, 2014
Blockade lifted at Freeport Grasberg mine in Indonesia

Operations, however, won’t resume until at least Oct. 7.

Operations at Freeport Grasberg copper mine remain blocked

Cecilia Jamasmie | October 2, 2014
Operations at Freeport Grasberg copper mine remained blocked

Protesters are demanding management to review safety conditions following a fatal accident on Sept. 27.

Rio Tinto, Glencore could save $500m by joining coal businesses

Cecilia Jamasmie | September 30, 2014
Rio Tinto, Glencore could save $500m by joining coal businesses

It would also create a a 15-kilometre long ‘‘super pit’’ from the union of Rio’s Mount Thorley Warkworth and Glencore’s Bulga open-pit mines.

Newmont ships first copper from Indonesia in eight months

Cecilia Jamasmie | September 30, 2014
Newmont ships first copper from Indonesia in eight months

30,000 tonnes of copper concentrate were sent out Monday.

London Metal Exchange raises fees by a third

Cecilia Jamasmie | September 30, 2014
London Metal Exchange raises fees by a third

This is the first fee hike since Hong Kong Exchanges & Clearing Ltd. acquired LME for $2.2 billion in 2012.

INFOGRAPHIC: A year's extraction of metal shown next to landmarks and cities

Visual Capitalist | September 25, 2014
A years extraction InfoGraphic Penn2

For thousands of years of development as a species, humans never really needed to understand the real meaning behind big, unreachable numbers such as billions or trillions.

Nickel price tipped to average $20,000t in 2015 as sector prepares for more buoyant annual gathering

Field Public Relations | September 25, 2014

An average nickel price of US$20,000 per tonne has been forecast for Australian nickel producers in 2015 – but the sector has been urged to keep its grass roots focus on untapped potential nickel discoveries in Australia, rather than overseas.

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