Nickel

ABC reported that independent analyst Tim Treadgold believes that nickel mines in Australia’s Goldfields-Esperence region may have to close if the metal’s price does not improve.

ABC reported that independent analyst Tim Treadgold believes that nickel mines in Australia’s Goldfields-Esperence region may have to close if the metal’s price does not improve.

As quoted in the market news:

‘The people who might survive in the long run are the high grade mines run by independents and Mincore,’ he said.

‘Their saving grace is they have very high-grade ore but Minara and Ravensthorpe must be feeling the pressure.

‘Some of the older mines around Kambalda, I think a couple have already closed, the old WAMC mine which opened and then closed again.

Click here to read the full ABC report.

MARKETS

Markets
TSX20179.81+187.93
TSXV680.49+7.47
DOW33761.05+424.38
S&P 5004280.15+72.88
NASD13047.19+267.27
ASX7032.50-38.50

COMMODITIES

Commodities
Gold1801.89+0.36
Silver20.82+0.02
Copper3.68-0.03
Palladium2224.19+14.20
Platinum965.47+2.48
Oil91.88-2.46
Heating Oil3.51+0.03
Natural Gas8.78-0.09

DOWNLOAD FREE REPORTS

×