Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

Look for weakness in listed Nickel plays as the commodity falls most in 16 weeks

James Marlay

Livewire Markets

Look for weakness in listed Nickel plays as the commodity falls most in 16 weeks. Bloomberg reports, Nickel prices tumbled 5 percent on speculation that a ban of ore exports won't occur anytime soon by the Philippines, the largest supplier to China... The Philippines last month proposed a bill to require ore minerals to be processed before shipment... Prices in London have surged 36 percent this year after export restrictions took effect in Indonesia, the world's top producer of the mined metal. Names such as Western Areas (WSA) and Sirius Resources (SIR) have been beneficiaries of the strong backdrop for Nickel. Both stocks are now sitting close to 12 month highs and could see some pressure today should further speculation around the Nickel price gain momentum. Here is the article from Bloomberg. (VIEW LINK)

1 topic

James Marlay
Co Founder
Livewire Markets

Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions. Safe investing and thanks for reading Livewire.


I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.