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12-23 |
LME nickel endeds at $6.17/lb. Have a happy
and safe holiday season!!
* 642 more tons added to LME inventories yesterday takes the
total to 32,814 tons. |
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12-22 |
LME nickel ended the day at $6.08/lb.
* 954 tons added to LME nckel warehouses, brings the total on
hand to 32,172 tons. |
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12-21 |
LME nickel closes at $6.00/lb.
* LME nickel inventories continue to grow, which will put additonal
pressure on prices. A gain of 876 tons takes the total to 31,218 tons. |
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12-20 |
LME nickel dives today, closing at $6.03/lb
as steep gains in inventory cause concern among traders.
* An additonal 198 tons takes LME nickel inventories to 30,342
tons. |
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12-19 |
LME nickel closes at $6.25/lb.
* LME nickel inventories stand at 30,144 tons and nickel closed
at $6.35/lb Friday. |
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12-14 |
LME nickel closes down at $6.22/lb.
* LME nickel inventories continue to swell, yesterday adding
444 tons to total 27,318 tons. |
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12-13 |
Nickel closed down on teh LME today, ending at
$6.44/lb.
* A huge increase of 894 tons takes LME nickel inventory to
26,874 tons. |
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12-12 |
Traders seem to be buying on a wing and a prayer - up toady at
$6.47/lb.
* Another large increase of 534 tons takes LME nickel inventory
levels to 25,980 tons. |
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12-9 |
LME nickel closed the week at $6.36/lb.
* 276 more tons of nickel brings total LME nickel stocks to
25,446 tons. |
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12-8 |
LME nickel took a big leap today, closing at
$6.35/lb.
* Another 330 tons pushed LME nickel inventories over 25M to
25,170 tons. |
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12-7 |
LME nickel ends the day at $6.09/lb.
* The addition of 264 tons of nickel take the total stocked
in LME warehouses to 24,840 tons. |
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12-6 |
LME nickel continues to rise - closing at
$6.06/lb.
* LME nickel inventories continue to grow, adding 360 tons yesterday
to total 24,576 tons. |
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12-5 |
LME nickel ends the day at $6.06/lb as traders
gamble de-stocking that is traditional in the fourth quarter will end soon,
and inventories will again tighten.
* LME nickel inventories at 24,216 tons. Nickel closed at $5.92/lb
on Friday. |
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12-1 |
LME nickel ended at $5.80/lb.
* LME nickel inventories go over 23M tons, as a gain of 684
tons yesterday pushed the level to 23,016 tons. |
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11-30 |
LME nickel closes at $5.81/lb.
* Rumors afloat. Will Xstrata surrender Falconbridge to Inco, make
a counter proposal, or surprise everyone and make an offer to buy out Inco?
* LME nickel inventories gained another 144 tons yesterday to total
22,332 tons. |
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11-29 |
LME nickel ended the day at $5.91/lb.
* 6 more tons were added to LME nickel stocks
yesterday, bringing the total to 22,188 tons. |
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11-28 |
LME nickel ended the day where it started -
$5.92/lb.
* Nickel inventories start the week at 22,182 tons and ended
at $5.92/lb on Friday. |
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11-23
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Next update, Monday Nov 28 - Happy Thanksgiving!
LME nickel closed at $5.73/lb.
* Nickel inventories gained another 162 tons yesterday to total
21,408 stored in LME warehouses. |
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11-22 |
Nickel endes the LME trading day at
$5.70/lb.
* LME nickel inventories gained 102 tons yesterday to total
21,246 tons. |
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11-21 |
LME nickel ended up at $5.85/lb, a 6 week
high.
* A 318 ton gain on Friday takes LME nickel inventories to 21,144
tons. |
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11-18 |
LME nickel ended the day at $5.60/lb.
* Another 144 ton gain brings LME nickel invetories to 20,826
tons. |
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11-17 |
LME nickel ends the day at $5.42/lb.
* Inco expects to produce first finished nickel from
the Voisey's Bay concentrate in the first quarter of 2006.
* Falconbridge declares force majeure on certain shipments
after elevated impurity levels at its Nikkelverk refinery in Norway forced
it to lower its output projections for refined nickel.
* Another 474 tons added to LME nickel inventories takes the
total to 20,682 tons. |
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11-16 |
LME nickel ended the day at $5.32/lb.
* New Caledonia's main nickel mine is suffering major labor
unrest after the dismissal of 2 employees.
* LME nickel inventories gained 366 tons yesterday. Totals now
go over 20M tons with 20,208 tons. |
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11-15 |
LME nickel ended at $5.39/lb.
* Falconbridge may decide later today whether to proceed
with the $2.2 billion Koniambo nickel mining and smelting project in New
Caledonia - (will announce by end of year)
* LME nickel inventories gained 234 tons yesterday to total
19,842 tons. |
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11-14 |
Nickel remains quiet, closing at $5.39/lb.
* LME nickel inventory lost 246 tons on Friday to begin the
week at 18,608 tons. |
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11-11 |
LME nickel ended the day at $5.38/lb.
* A big "thank you" to US veterans and active duty military
personnel. You do not make the politics, but you make the sacrifice's asked,
and for that , and the freedom that we have today, we honor you on this Veteran's
Day.
* LME nickel inventories close in on 20M tons, with yesterday's
additional 156 tons bringing the total to 19,854 tons. |
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11-10 |
LME nickel ended the day at $5.39/lb.
* An additonal 186 tons takes LME nickel inventories to 19,698
tons. |
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11-9 |
LME nickel closed at $5.38/lb.
* 336 more tons of nickel were added to the LME stock yesterday,
bringing the total to 19,512 tons. |
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11-8 |
LME nickel ended the day at $5.56/lb.
* Dollar hits 18 month high against Euro.
* LME nickel inventories gained 72 tons yesterday to total 19,176
tons. |
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11-7 |
LME nickel ended the day at $5.51/lb.
* As of Monday morning, LME nickel inventories stand at 19,104
tons. Market ended at $5.31/lb Friday. |
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11-3 |
LME nickel ended at $5.24/lb. It's been 18 months
since its been this low.
* 288 more tons of nickel added, brings LME nickel inventories
to 18,708 tons. |
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11-2 |
Other metals were up today, and nickel closed at
$5.29/lb.
* Another 174 tons takes LME nickel inventories to 18,420 tons. |
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11-1 |
LME nickel slumps further, closing at
$5.27/lb.
* Interesting article
here
* Macquarie downgrades its nickel forecast for 2006 and 2007,
It is now forecasting $5.25/lb for 2006 and $5.75/lb for 2007.
* LME inventories gained 192 tons to total 18,246 tons. |
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Nickel (average annual price) |
Molybdenum (average annual price) |
| 2001 |
$2.70/lb |
$2.36/lb |
| 2002 |
$3.07/lb |
$3.59/lb |
| 2003 |
$4.37/lb |
$5.21/lb |
| 2004 |
$6.28/lb |
$18.00/lb (approx) |
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