See earlier thread about the discovery of Nickel In Nigeria https://www.nairaland.com/3316997/nickel-discovered-dangoma-kaduna-nigeria

Here is what I came on after my findings on NICKEL. ..

Cautiously optimistic about nickel price

Frik Els | Jun. 29, 2016, 11:33 AM |

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Base metals have enjoyed a solid 2016 so far with only lead (-3%) in negative territory for the year. While the likes of zinc (+28%) and tin (+16%) have rallied and steelmaking raw materials iron ore (+24%) and coking coal (+12%) have come back strongly, nickel remains stuck in the doldrums.

On the LME nickel jumped back above $9,000 on Wednesday, but hasn't been in five-digit territory for nearly a year and is worth half of what it was early in 2014 when Indonesia's ban on ore exports led many to believe the volatile metal is entering a bull market.

The subdued pricing environment has mostly been blamed on elevated inventories and both the LME and particularly in Shanghai although stock levels at the former has recently been falling.

In a new report on the prospects for the steelmaking ingredient BMI Research says "the market will gradually begin to tighten as elevated Chinese imports start to erode global stockpiles" but the firm also warns "investor sentiment towards industrial metals will remain cautious as Chinese economic data will continue to disappoint."

BMI expects strengthening fundamentals in the nickel market and a more general bounce in metal prices for the second half of the year which "will start to push nickel prices towards $10,000 per tonne."

Longer term there is further upside although the frothy days of 2007 when nickel peaked at more than $50,000 look forever gone.

BMI is of the view that Indonesia will relax in part its ore ban but with Indonesian nickel pig iron smelters coming online by 2017 there won't be supply-crunch in the refined market.

That would keep a lid on the price which BMI forecasts to average $9,000 per tonne and $10,500 a tonne in 2016 and 2017, edging up to $11,500 a tonne by 2019. BMI's predictions are also above consensus.

http://www.mining.com/cautiously-optimistic-about-nickel-price/

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Nickel = $9,700 per tonne

Nickel = $657 per 1 KGS

E get one stone wey we commot for our well, i don dey suspect weda na nickel e b oo



That well must be deepened next year





Nwanne i don harma.. .

Who e go epp soon u no go hear anytin again govt of abrakadabra

Nice....I wish everyone well

God loves this nation,.....when men say there's castings down He says there is lifting up

nawao... this nickel is not as u people think o..
d thing plenty for enugu.
my sister dat studied geology and mining traveled to enugu to look for mineral resources as part of her final project.
and during their search they discovered ZINC, LEAD and this NICKEL wey all of una dey hype like thiz... and she brought all the samples home.

its been many years i dont kno where those things are now i would hav uploaded the pics.

HARDBUOI:
nawao... this nickel is not as u people think o..
d thing plenty for enugu.
my sister dat studied geology and mining traveled to enugu to look for mineral resources as part of her final project.
and they discovered ZINC, LEAD and this NICKEL wey all of una dey hype like thiz... and she brought all the samples home.

its been many years i dont kno where those things are now i would hav uploaded the pics.

Your sister sees mineral like missing N10 on the floor. She can help us discover missing Chibok girls and oil.
****

Maybe "our oyel" pipu go allow us hear word... They can now reflect on d degradation of their lands by their own youths, shallow minded pipu

Warship:


When are you guys declaring Arewanistan republic

Lol.. What's that?
I have no idea what you're talking about

My pple are peace loving, we see ourselves as one & we hope to remain as one #cheers

The north has gotten its money spinner...let's restructure so that the North would have full control over its gold and nickel resources

AWONEYAN:
God loves this nation,.....when men say there's castings down He says there is lifting up

God loves this nation...YES but will our wickedness, greed, selfishness, tribalism and religious bigotry allow us enjoy the LOVE GOD has deposited in Nigeria....watch and see how the discovery of Nickel will lead to another kind of wickedness.

The next thing that is gonna be trending in Nigeria is
NICKEL

200 trillion dollar has been discovered in daura.
that is why buhari went to meet japan in kenya!
seriki will soon pass motion in the house!


Araba! Araba!! Araba!!!

Will this be subject to national cake or can we get rid of that stupid system yet.

I hope this nickel is available in other parts of the country... Because some people will use this opportunity to split the country apart...

We ll now know the True colours of the northerners hope they don't come up with some plans to have it whole to themselves and make sure that a southern has the highest share in the nickel mining

Nothing new here!!!!!!!!



I will summarise a little story I read in a defunct newspaper (the Post Xpress) about 14yrs ago;

Am Australian firm discovered ORE in excess quantity in Kogi state & told the FG & SG that all they (the coy) needed was some large millions of dollars added to theirs (they would provide the xpertise) to drill & do whatever they would do with the ORE & that in 10-15yrs time, the 9ja govt would forget the existence of oil~~~~that story died a natural death cos no politician in 9ja dead/alive believes in waiting/working for the upcoming generation (lai lai)

If u think I'm lieing about any politician, ask Abubakar Audu & co who are dead (all politicians in 9ja believe & want the money now not 2moro, NO, they want am now now now)

OP, that's not possible.
But I would agree here that diversification is yielding results. .

Good days are coming

Warship:


When are you guys declaring Arewanistan republic

U realize dangote has a refinery


Where do u want him to get his crude oil from?

Space?

ctuagent007:
Nothing new here!!!!!!!!



I will summarise a little story I read in a defunct newspaper (the Post Xpress) about 14yrs ago;

Am Australian firm discovered ORE in excess quantity in Kogi state & told the FG & SG that all they (the coy) needed was some large millions of dollars added to theirs (they would provide the xpertise) to drill & do whatever they would do with the ORE & that in 10-15yrs time, the 9ja govt would forget the existence of oil~~~~that story died a natural death cos no politician in 9ja dead/alive believes in waiting/working for the upcoming generation (lai lai)

If u think I'm lieing about any politician, ask Abubakar Audu & co who are dead (all politicians in 9ja believe & want the money now not 2moro, NO, they want am now now now)

At the bolded, why do you want anyone to ask dead people questions?

flokii:


Lol.. What's that?
I have no idea what you're talking about

My pple are peace loving, we see ourselves as one & we hope to remain as one #cheers

bloody tribal bigot like you, how are the Afonjas peace loving

You guys ain't shii

Nigeria is truly blessed... Nickel now on point but I pray it doesn't go the way of Crude oil

flokii:
Maybe "our oyel" pipu go allow us hear word... They can now reflect on d degradation of their lands by their own youths, shallow minded pipu

Niger Delta happy for you guys because una go sell am and bring money come center come share am give every state. But the day una go cry for environmental degradation, marginalization, pollution and neglect. Thunder, brimstone, hurricane (Rita and hurricane Katrina combine), earthquake and Tsunami go mix like Mama Iyabo (dey mix agbo for me) go fire una

Let's see if they'll agree to share with the whole country

Lol

BoleynDynaSTY:
Let's see if they'll agree to share with the whole country

Is that you on your profile?

Nigeria loves raw materials, miracle and prayers..
A lot of folks on here have become excited because they know that the leadership/Govt in Nigeria(which they support) has failed in living up to promises and only oil/expensive precious metal will save them.
No be today we begin hear about discovery..
Lol! Clowns!

Nice