theflasherman Posted January 19, 2004 Author Share Posted January 19, 2004 For reference... nickel is US$14,000 a tonne today on LME. A$ is currently 0.7536 on my screen. A$ price is therefore A$18,577 a tonne. There seems to be huge volatility in nickel currently (prices touched US$15,200 a tonne today before fading.) but at least the A$ has come back from highs. Link to comment Share on other sites More sharing options...
theflasherman Posted January 28, 2004 Author Share Posted January 28, 2004 Today nickel dropped considerably to US$14k a tonne, but is currently rebounded strongly to nearly US$15k a tonne (at 1pm GMT). The volatility seems to be increasing after a few days of smallish price movements (mostly down). I'll update more after the final kerb session on the LME. Link to comment Share on other sites More sharing options...
tom924 Posted January 28, 2004 Share Posted January 28, 2004 IN REPLY TO A POST BY theflasherman, Wed 28/01/04 11:15pm [READ POST] Today nickel dropped considerably to US$14k a tonne, but is currently rebounded strongly to nearly US$15k a tonne (at 1pm GMT). The volatility seems to be increasing after a few days of smallish price movements (mostly down). I'll update more after the final kerb session on the LME. I found the Falconbridge union workers web site the other day & have found it most interesting. The address is,,,,,,,,,, http://www.minemill598.com/ The falconbridge link gives the specifics of whats going down from the union perspective. Hmm lets see,, they have already started getting trucks into position to stop access to the mine. I feel sorry for these workers it sounds like Falconbridge have been giving them a raw deal for years. I think they will strike, I think the workers think they will strike, I think Falconbridge think they will strike & don't care. Why would Falconbridge not care? check out this website,,,,,,,,,,,,,,,,,,,,,, http://www.marfas.com/newsarchive.shtml this is what they were saying on 9/1/04 "So are there any benefits to Falconbridge by allowing a strike to happen? Their mine ran at 20% and smelting operation at 50% during the last strike, according to Falconbridge's 2000 annual report. Would this much production selling at $7-$8/lb offset full production at $5/lb, and keep the company's head above water? Only Falconbridge knows." regards, Tom. Link to comment Share on other sites More sharing options...
theflasherman Posted January 28, 2004 Author Share Posted January 28, 2004 Great post tom Nickel firmed to US$14,900 according to a news report, but is US$15,040 on my screen. Call it US$15k. A$ is at 0.7795 (up probably because of weak US Data). A$ Nickel price is therefore $19,243. This looks pretty healthy and good to see support in the market. Of course short term price relies totally on Falconbridge strike outcome. Link to comment Share on other sites More sharing options...
texas4qld Posted January 28, 2004 Share Posted January 28, 2004 IN REPLY TO A POST BY theflasherman, Thu 29/01/04 04:24am [READ POST] Great post tom Nickel firmed to US$14,900 according to a news report, but is US$15,040 on my screen. Call it US$15k. A$ is at 0.7795 (up probably because of weak US Data). A$ Nickel price is therefore $19,243. This looks pretty healthy and good to see support in the market. Of course short term price relies totally on Falconbridge strike outcome. Hi Flash I have recently bought into a platinum stock (some at 80c and another parcel at 75c) and was wondering if you have a view on this metal, short or long term. Tex. Link to comment Share on other sites More sharing options...
theflasherman Posted January 29, 2004 Author Share Posted January 29, 2004 Hi tex sorry but i don't know much about platinum. most miners I think get a bit of paladium as well so both prices are relevant. I think both commodity prices are pretty strong. Link to comment Share on other sites More sharing options...
texas4qld Posted January 29, 2004 Share Posted January 29, 2004 IN REPLY TO A POST BY theflasherman, Thu 29/01/04 10:01am [READ POST] Hi tex sorry but i don't know much about platinum. most miners I think get a bit of paladium as well so both prices are relevant. I think both commodity prices are pretty strong. ok, cheers http://www.asxboard.com/html/emoticons/wink.gif Link to comment Share on other sites More sharing options...
theflasherman Posted January 29, 2004 Author Share Posted January 29, 2004 Nickel down in US$ terms, but is actually up about A$100 a tonne due to A$ depreciation. Not that I think the market will realise this nuance. Link to comment Share on other sites More sharing options...
theflasherman Posted January 30, 2004 Author Share Posted January 30, 2004 Falconbridge offer disappoints union: http://biz.yahoo.com/rm/040129/minerals_falconbridge_2.html Link to comment Share on other sites More sharing options...
sandybeachs Posted January 31, 2004 Share Posted January 31, 2004 hi guys/gals just had a quick check on nickel prices... up U$780 dollars.....U$15,450 = A$20,227............ could have a storng effect on monday.... regards http://www.asxboard.com/html/emoticons/king.gif Link to comment Share on other sites More sharing options...
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