Mirabela Nickel Buoyed By Rise In Nickel Prices

SMH reported beleaguered Mirabela Nickel (TSX:MNB,ASX:MBN) has been buoyed by a rise in the nickel price, gaining as much as 12 per cent on the Australian Securities Exchange.

As quoted in the market news:

Mirabela, which operates the Santa Rita nickel mines in Brazil, ended up 10.6 per cent, adding more than 2 cents to close at 36.5 cents.

After months of pain for nickel producers the price made a timid recovery in recent days to above $US8 per pound after falling under $US7 last month.

Click here to read the full SMH report.