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Nickel prices until the end of 2018 will grow by 10% and reach 14 thousand dollars per ton, Hari Vidyayanto, a chief operating officer at PT Aneka Tambang, abbreviated ANTAM, the Indonesian producer of this metal, told the journalists. According to him, this year the Indonesian producer plans to increase supplies of ferro-nickel alloy to 24 thousand 400 tons from 22 thousand tons a year earlier. It is expected that the export of nickel ore will increase to 4 million tons from 2 million 700 thousand tons, bauxite - up to 1 million 250 thousand tons from 767 thousand tons. According to analysts of Wood Mackenzie, in the next 2-3 years the deficit in the nickel market may increase, and prices can reach 28 thousand dollars per ton compared to today's price of 12 thousand 350 dollars per ton.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
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