Firm Prices Keep Miners On Their Toes

Miners are getting back to work. As Vale eyes a full restart of its Sudbury operations, Xstrata is keen to move ahead with its 2010 plans. Atlas Consolidated Mining is also looking at reopening its nickel mine in Southern Luzon this year, to take advantage of the recovery in nickel prices.

There is a different story playing out in India though, where nickel price followed other metals downwards.

With much of Asia shut for the Lunar New Year, and a market holiday in the United States, weak spot demand from consuming industries and adequate stock position led to a fall in nickel prices at the futures market in India.

Nickel futures prices marginally declined by Rs 0.30, or 0.03 per cent, to Rs 866 per kg on weakening trend in the spot market.

For complete aticle, click onto Nickel Investing News.