According to the United States Department of commerce statistics data released that US’s nickel scrap exports reached 2044 tons in July this year, an increase of 8.3% year on year. In January-April, US’s nickel scrap exports totaled 15,111 tons.

African Rainbow Minerals, led by CEO Mike Schmidt, posted a 58% fall in annual headline earnings on Friday reflecting lower commodity prices which forced it to shut down several manganese alloy furnaces.

Specialty alloys firm Alcoa will invest $60-million to expand a research and development (R&D) centre near Pittsburgh, Pennsylvania, that would accelerate advanced three-dimensional (3D) printing materals and processes.

The world's second largest nickel producer Norilsk Nickel predicted that the global nickel supply shortage continued to extend, caused most companies lose profits and cut the production.

Standard & Poor’s warned on Monday it was likely to revise the credit ratings for some miners over the next week after cutting its price forecasts for aluminium, copper, zinc, nickel and gold and said it expected prices to remain volatile.

Australian investment bank Macquarie on August 17 announces to adjust its global nickel market supply and demand forecasts for this year, the global nickel market is expected to be 15,000 tons this year.

BHP Billiton spin-off South32, which launched on the sharemarket with high hopes in May, tumbled to a new low on the ASX today amid a global commodity crunch, with shares down more than 30 per cent from their high point shortly after listing.

Australian investment bank Macquarie on August 17 announces to adjust its global nickel market supply and demand forecasts for this year, the global nickel market is expected to be 15,000 tons this year.