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VALE - Nickel Monthly News For The Month Of August 2019
VALE S.A. American Depositary Shares Each Representing one
Welcome to the nickel miners news for August. The past month saw nickel prices rise sharply again and LME inventories remain near a ~7 year low. Most participants remain upbeat towards nickel especially from the battery demand side. H1 2019 had mixed results from the major producers due to lower nickel prices in H1 2019, lower copper and cobalt prices, and higher palladium prices.
Nickel price news
As of August 27, the nickel spot price was USD 7.21/lb, up sharply again from US$6.35 last month.