Liberty Mines Halts Nickel Production, Receives Loan

Reuters reported Liberty Mines Inc (TSX:LBE) halted production as nickel prices remain depressed and said its largest shareholder has committed a loan of C$5 million.

As quoted in the market news:

Lower imports by China, the world’s biggest nickel consumer, have weakened benchmark prices, and traders expect volumes to decline in the third quarter as demand remains thin.

Nickel prices have fallen 20 percent this year on the London Metal Exchange.

Click here to read the full Reuters report.