South Korean steel giant Posco announced to cut its domestic prices for austenitic stainless coils by 100,000 won/ton for August due to weak market conditions during summer holiday, in spite of higher nickel prices.

Fitch also raised Norilsk Nickel’s short-term foreign currency IDR to F3 from B and senior unsecured foreign currency rating to BBB-from BB+.

It is reported that Russia’s MMC Norilsk Nickel said that the company has entered into an agreement to sell its Black Swan/ Silver Swan assets located in Western Australia.

France's Eramet sees a global nickel deficit in 2015-2017 if Indonesia strictly adheres to its policy of banning exports of unprocessed nickel, Bertrand Madelin, CEO of Eramet Nickel said.

uth Korean steelmaker POSCO said in a statement on Tuesday it has slashed its monthly stainless steel prices for July by 200,000 Korean won ($200) a tonne to reflect easing nickel prices, swinging back to price levels from a month earlier.

White Cliff Minerals (ASX:WCN) has identified a new high tenor nickel in soil anomaly at its Merolia Nickel and Copper project in Western Australia’s Laverton region, which should see the share price lift.

It is reported that Shenzhen GEM High-Tech Co. ,ltd signed a framework agreement June 26th, 2014 to acquire 60% stake in Yangzhou Ningda Noble Metal Co. at tentative price of 312 million yuan ($ 50.61 million).

Monchegorsk In line with the Nickel refinement salt flow recycling investment project Kola MMC (subsidiary of MMC Norilsk Nickel) commenced the construction of another major unit - intermediate salt storage depositary.