Poseidon Nickel Limited Buys Black Swan Nickel from OJSC MMC Norilsk Nickel

Global miner Vale does not have plans to shut its nickel operations in New Caledonia amid social unrest caused by an effluent spill, the company said to a local newspaper.

Gateway Mining (ASX:GML) has commenced a drilling program targeting volcanogenic massive sulphide copper mineralisation and intrusive related nickel-copper mineralisation at its Gidgee Project in Western Australia.

the nickel price, which is used to make steel stronger and more resistant to corrosion and extreme temperatures, hit a 14-month high on Thursday then topped itself on Apr18th

Norilsk expects that the Indonesian decree banning the export of unprocessed ore, signed by the country’s President in January, will result in the current oversupply in the nickel market coming to an end.

Nickel prices are soaring amid growing concern about the availability of supply from Indonesia and Russia, the top two producers of the metal.

INSG made a presentation of the world's nickel production volume as the primary product in the calendar year 2013 being 1.94 million tonnes which represented an increase of 10.9% versus 1.75 million tonnes of the result in the calendar year 2012.

[Ferro-Alloys.com] It is reported that nickel prices posted the biggest quarterly advance since 2010 amid concern that world supplies will be constrained.