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VALE - Nickel Monthly News For The Month Of April 2020
VALE S.A. American Depositary Shares Each Representing one
Welcome to the nickel miners news for April. The past month saw nickel prices rise with several nickel mines impacted by COVID-19 suspensions. In particular, in the Philippines about 50% of nickel ore production has been suspended due to COVID-19.
Nickel price news
As of April 26, the nickel spot price was USD 5.56, up from USD 5.09 last month. Nickel inventory at the London Metals Exchange [LME] was about the same as last month at 231,132 tonnes (229,860 tonnes in February).