ICBC Standard Bank Names Mark Thompson Head of Base Metals Trading

ICBC Standard Bank has appointed Mark Thompson, a former executive at trading house Trafigure’s asset management business, head of its global base metals trading.

Tuesday, January 19, 2016

Queensland Nickel Enters Voluntary Administration

The embattled Queensland Nickel on Monday announced that the company had gone into voluntary administration, as it struggled to stay afloat.

Tuesday, January 19, 2016

Queensland Nickel Cuts 237 Jobs at Townsville

Embattled nickel miner Queensland Nickel on Friday announced that 237 workers would be made redundant at its Townsville operations.

Monday, January 18, 2016

Nickel Prices Seems to Remain Uncertainty in 2016

Nickel prices is expected to rise sharply last year, but fell to 12-year low in the end of 2015. However, the situation has not been improved in beginning 2016, due to the sluggish market demand

Friday, January 15, 2016

Nickel Price Slumps to 12-year Low

Reuters reported that the nickel price hit its lowest level in 12 years on Tuesday on the back of concerns about high inventories. As of Tuesday, refined nickel inventories on the LME MNISTX-TOTAL were sitting at 437,334 tonnes, having risen 11 percent in the ...

Thursday, January 14, 2016

Sherritt Braces for C$1.6bn Impairment of Nickel Assets

Nickel miner and refiner Sherritt International Corporation has cautioned the market of an expected $2.4 billion impairment of the Ambatovy joint venture (JV) assets, in Madagascar, citing lower forecast nickel prices.

Thursday, January 14, 2016

Lundin Could Extend Life of Eagle Nickel in Michigan

Lundin Mining is developing a new nickel deposit that could extend the life of its Eagle nickel and copper mine in Michigan’s Upper Peninsula that ramped up to full production in 2015 and is expected to see output gradually decline from this year on, accordin...

Thursday, January 14, 2016

Planetary Resources Shows Off First-Ever Direct Metal Print from Asteroid Metals

Prospective space miner Planetary Resources has showcased the first-ever direct metal print from asteroid metals on Thursday at the Consumer Electronics Show, in Las Vegas, Nevada.

Wednesday, January 13, 2016
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