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Tag: nickel producers

Nickel Producers Looking More Attractive as Prices Rise

Reuters’ Andy Home yesterday published an article that states that “[n]ickel’s bull run has just gone into overdrive.” In it, he explains that one factor that’s helping push nickel prices up is the suspension of production at Vale SA’s (NYSE:VALE) Goro nickel processing plant in New Caledonia.

Norilsk Nickel to Sell Idled Australian Nickel Mines

Bloomberg reported that Norilsk Nickel (MCX:GMKN) has hired Citigroup to help sell off its Australian assets, including four nickel mines that have been idled due to “low prices and high production costs.” As yet there is no timeline for the sale’s finalization.

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