In the stainless market finally stabilizing?

- April 2nd, 2009

Nickel Investing News reports nickel looks promising with the improvement in the economy. Miners anticipate that global demand in the near term will be at best stable; therefore there is hope that the vast amount of mine closures will be enough to equalize the supply-demand balance. Nickel premiums in the United States have declined after … Continued

Nickel Investing News reports nickel looks promising with the improvement in the economy.

Miners anticipate that global demand in the near term will be at best stable; therefore there is hope that the vast amount of mine closures will be enough to equalize the supply-demand balance. Nickel premiums in the United States have declined after holding steady since late last year as orders remain off by about 50 per cent. Stocks in London Metal Exchange warehouses continue to climb. Current global stockpiles are around 100,000 tonnes, equivalent to about 8 per cent of global demand.

For complete story, click this link. Follow developments in resource mining and exploration for free. Sign on to The Resource Stock Watch.

Tags

Leave a Reply