Nickel

Reuters reported Norilsk Nickel (LSE:MNOD) says global average nickel prices this year will be slightly less than $20,000 per metric ton.

Reuters reported Norilsk Nickel (LSE:MNOD) says global average nickel prices this year will be slightly less than $20,000 per metric ton.

As quoted in the market news:

The Arctic miner, the world’s largest producer of nickel and palladium, added that at current prices below $18,000 per metric ton some 5 percent of global production is unprofitable.

About 8 percent of global capacity is at risk, said Sprogis.

Click here to read the full Reuters report.

MARKETS

Markets
TSX19189.36-65.20
TSXV623.27+3.51
DOW32000.41-197.18
S&P 5003995.05-28.56
NASD11895.08-137.35
ASX6823.20+15.90

COMMODITIES

Commodities
Gold1750.22+11.58
Silver19.71+0.57
Copper3.46+0.03
Palladium2071.50+50.50
Platinum891.00+3.00
Oil97.31+0.05
Heating Oil3.640.00
Natural Gas8.50-0.05

DOWNLOAD FREE REPORTS

×