Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Tuesday 08th of July 2008
Monday, March 19, 2007

Nickel cash price above $50,000 per tonne

Story link: Nickel cash price above $50,000 per tonne
by Brian Turner
Nickel cash price above $50,000 per tonne

Base metals prices were higher on Monday due to low supplies and high demands.

Copper hit its highest price of the year so far, reaching $6,650 per tonne at one point in the session after a statement by BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) that higher demand in China would put pressure on the market in the years second quarter. Last year, second quarter prices for copper neared $9,000 per tonne, setting a new record at $8,790 per tonne. BHP added, however, that the second half of the year will likely bring surpluses.

The cash price for nickel went above $50,000 for a time, the first time that has ever happened, as inventories in London Metal Exchange warehouses fell to 2,550 tonnes. Three-month nickel prices were down from Friday’s price to $46,600 late in the day on the LME, bringing the rise in nickel prices so far this year to 40 percent.

Tin prices breached $14,000 per tonne during the session, for the first time since the 1980s. The price of tin is up 22 percent since the beginning of the year.

 

Add to Bookmarks:

ADD TO NETSCAPE     ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL


Related posts to: Nickel cash price above $50,000 per tonne

Price of nickel nears $50,000 per tonne ...

LME to introduce small cash contracts ...

Nickel inventories drop further; prices still decline ...

Nickel hits new record before dropping $150 per tonne ...

Nickel, coper prices up this week ...

Latest Metals News:

Latest News  Copper prices lower on credit concerns

Latest News  US Gold provides update on Mexico exploration

Latest News  Iluka gets approval for development of Jacinth-Ambrosia project

Latest News  Sacre-Coeur adds seven new target zones at Million Mountain

Latest News  Aluminium prices up on China power cuts

Latest News  Murchison abandons merger with Midwest

Latest News  IAMGOLD reports increase in Mupane’s mineral reserves

Latest News  Pelangio reports increase in mineral resources at Detour Lake

Latest News  Goldcorp updates on Marlin power supply interruptions

Latest News  VMS Ventures provides drilling results


Previous: « Price of nickel nears $50,000 per tonne
Next: Base metals prices decline on session »

Visited 7424 times, 39 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):