Nickel settled down -1.36% at 572.70 amid slowing Chinese demand. Trade is expected to wane ahead of Lunar New Year, which will shut China for a week from Monday.

Axiom Mining (ASX:AVQ) is edging closer to a milestone first shipment of nickel ore form the Isabel project in the Solomon Islands during Q1 2016 as a A$10 million financing facility and long-term offtake deal unfold.

Indonesia smelting and processing industry association (APPI) believes that the current trend of nickel demand increased from China, including processed nickel ore, such as nickel pig iron or nickel-iron.

The falling nickel price is heaping pressure on BHP Billiton's Nickel West business, which will increase imports of concentrate to sustain its operations after a string of local mine closures.

The Australian All Ordinaries fell back today on uninspiring overseas leads and more choppy commodity pricing.

After the prices dropped sharply in November last year, the nickel prices remained stable during December, 2015 to Jan, 2016.

[Ferro-Alloys.com] Finance website on Thursday posted that Canadian corporation CVMR and Central America Nickel (CAN) Inc. have announced a partnership that is expected to positively impact the Canadian company's future Oak Ridge operations.

[Ferro-Alloys.com]Nickel was the worst performer in a pretty sorry commodities field in 2015. The steelmaking ingredient lost just shy of 42% of its value last year.