The base metal prices on the London Metal Exchange (LME) closed higher on Monday, with nickel prices climbing to a three-month high amid concern that ore shipments from the Philippines will drop.

Nickel prices climbed to their highest in seven weeks on Thursday as speculators returned to the market on worries that the Philippines could follow Indonesia in banning unprocessed ore exports.

Norilsk Nickel is the largest nickel and palladium producer in the world. Norilsk Nickel’s net profit tripled in the first half of this year, the company said in its first-half 2014 interim financial results.

Poseidon Nickel Limited Buys Black Swan Nickel from OJSC MMC Norilsk Nickel

Mwana is pleased to announce the completion of an independent study of an accelerated restart plan for the nickel smelter of its 76.3% owned, Zimbabwe-based subsidiary, Bindura Nickel Corporation.

[Ferro-alloys.com] THE 37% surge in nickel this year means some of the world’s biggest metals companies may finally be able to sell as much as $14bn in unwanted mines they’ve held for years.

[Ferro-Alloys.com]Since Jan.when Indonesia had started the export ban, nickel price had already increased by 60%. It could be seen that LME Nickel price had rose to USD21625/mt on May 13th while on Jan.9th it was just USD13334/mt.

Global miner Vale does not have plans to shut its nickel operations in New Caledonia amid social unrest caused by an effluent spill, the company said to a local newspaper.