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Norilsk Nickel [RTS:GMKN] has upwardly revised its 2006 forecast for palladium production to 3.05 mln-3.1 mln ounces (95-96 metric tons) and platinum production to 720,000-730,000 ounces (22-23 m/t), the Russian metals giant said Friday. The 2006 nickel and copper forecast remained unchanged: nickel at 243,000-248,000 m/t and copper at 422,000-427,000 m/t.
The company said it had produced […]
July 21st, 2006 – Posted in General, Mining Stocks, Precious metal
Calyon CMR has made sizeable upgrades to its 2007 forecast prices for lead and nickel on expectations for continued high demand at a time inventories are slumping, it said.
The investment bank has hiked its price outlook on nickel by 12.3 pct to 34,250 usd per tonne and on lead by 26.4 pct to 1,580 usd, […]
March 23rd, 2007 – Posted in General, Nickel
Net profit at Russian mining giant MMC Norilsk Nickel , according to the company’s IFRS report, increased 140% year-on-year from $974 million in the first half of 2005 to $2.367 billion in the same period this year, which was much higher than forecast by analysts.
October 8th, 2006 – Posted in General, Mining Stocks
The Energy Department and the Paris-based International Energy Agency both lowered their global oil consumption forecasts for this year amid surging prices, but said demand for oil and petroleum products is accelerating in parts of the developing world.
In its monthly short-term Energy outlook, the Energy Department’s Energy Information Administration said oil consumption is falling more […]
June 11th, 2008 – Posted in Oil and Gas
Alan Heap, Managing Director, Global Commodity Analysis, Citi Investment Research, comments on the importance of India in the iron ore exports equation, iron ore price negotiations, and fears of the U.S. going into recession.
He will be speaking at the Global Iron Ore and Steel Forecast Conference in Perth on the 11th to 14th of March […]
March 5th, 2008 – Posted in Uncategorized
Fortescue Metals Group provided Pilbara Iron Ore and Infrastructure Project monthly construction report, reporting that first ore on ship remains scheduled for mid May 2008. During May, it continued good construction progress at both port and mine sites with dredging now completed and total port construction has advanced beyond 50% complete and is ahead of […]
June 30th, 2007 – Posted in General, Iron Ore
Goldman Sachs has significantly hiked its average price forecasts for nickel and zinc for this year and next to reflect tight supplies, the U.S.-based investment bank said in a research report.
The bank revised up its average nickel price forecast to $23,874 a tonne for this year against a previous forecast of $18,940. The 2007 forecast […]
December 3rd, 2006 – Posted in General, Nickel
Citing increased nickel strength, production growth, and a compelling valuation, Citigroup has raised its 12-month target price for Russiaâ€™s largest mining company Norilsk Nickel from $185 a share to $200 a share. The current share price for Norilsk Nickel ADRs (NILSY) is around $155.50 a share.
â€œNorilsk is likely to become a beneficiary of what we […]
January 15th, 2007 – Posted in General, Nickel
The East Coast has a greater risk than usual of being hit by a hurricane this year, according to the latest forecast from AccuWeather.com
The private forecasting company expects a dozen named storms in 2008, with a relatively high number making landfall. “Our forecast is that two or three storms will bring at least tropical storm […]
May 13th, 2008 – Posted in General, Oil and Gas
Inco Ltd., the world’s second-largest nickel producer by 2005 output, raised its forecast for third- quarter profit, citing continued strength in the nickel market.
“Nickel and copper prices have increased considerably during the third quarter,” the Toronto-based company said today in a PR Newswire statement.
September 20th, 2006 – Posted in General, Mining Stocks, Nickel
Farmers are getting the best prices for corn in more than a decade amid strong demand for ethanol and feed, the U.S. Department of Agriculture reported Monday. Average corn prices for the year were forecast at $2.90 to $3.30 a bushel, up 10 cents from last month’s estimate, according to the monthly crop report.
“We think about […]
December 12th, 2006 – Posted in Alternative Energy
Mitsui Mining & Smelting Co., the world’s biggest maker of copper foil, may raise its profit forecast on higher zinc prices and increasing demand for conductive film used in liquid-crystal displays, Chairman Shimpei Miyamura said.
“The display-related business will be better in the July to September period,” Miyamura said in an interview yesterday. The Tokyo-based company […]
August 28th, 2006 – Posted in General