Articles On Nickel Mines (ASX:NIC)

Pacific Nickel’s decision to fast-track its Kolosori nickel project has received validation with several holes in recent drilling returning high-grade intersections. While all 27 holes in the first batch of assays intersected nickel, high-g...

On 17th November 2021, the equity market in Australia was influenced by the selling witnessed in the financials sector. On the same day, ASX 20 declined by 1.52% and ASX 300 fell by 0.66%. Also, ASX 200 has witnessed the decline of 0.68% to...

Highlights The ASX 200 finished the day 0.7% lower, down 50.5 points to 7369.9, with an 8% plunge by Commonwealth Bank helping offset gains across 9 of the 11 sectors. Economic updates are being revealed across economies. The global c...

The ASX lost ground on Wednesday, as the banks struggled and the US dollar strengthened as markets continue to assess the prospect of tighter monetary policy and its potential effect on asset prices. Commonwealth Bank (ASX:CBA) tanked in th...

Today, the S&P/ASX 200 Index (ASX: XJO) was dragged lower by a dramatic 8% fall in the Commonwealth Bank of Australia (ASX: CBA) share price. This came after Australia’s largest bank reported its first-quarter earnings update, which su...

The ASX 200 continues its slide, down by 0.63% today after a 0.67% fall yesterday. Stocks were sold off following an ABS data release showing a 3.4% surge in white collar salaries in the year ending September. Overall wages also rose 2.2 pe...

The S&P/ASX 200 Index (ASX: XJO) is having a difficult day and is tumbling lower again. In afternoon trade, the benchmark index is down 0.9% to 7,353.4 points. Four ASX shares that are not letting that hold them back are listed below....

Nickel Mines (NIC) says production from the Angel Nickel Project is well ahead of its commissioning schedule First production of nickel pig iron (NPI) from the Indonesian project is now expected in the first quarter of 2022, well ahead of...

Highlights The ASX 200 was down 0.4% by mid-session on Wednesday. Nine of the 11 sectors were trading in the green, while financial and materials declined the most. All big four lenders dropped, led by CBA. The biggest losers on the...

The hot debut of Evolution Energy Minerals (ASX:EV1) was not enough to save the ASX resources sector from falling today. The ASX 200 finished 0.67% down at 7,420 points. All sectors were down except tech, which gained 0.18%. In contrast, mo...

The ASX 200 finished 0.36% higher in Monday trade, as the Information Technology sector and the Consumer Discretionary sector both outperformed with gains more more than 1%. Across the commodities complex, the gold majors found demand with...

Today, the S&P/ASX 200 Index (ASX: XJO) made its first day of the new week a positive one. At the end of the session, the benchmark index finished 0.36% higher at 7,470.1 points. While the market was mostly green today, a few lagging s...

Highlights By afternoon, the benchmark index was trading 0.29% or 21.9 points higher at 7464.9. Local technology stocks continue to rally since early trade, following an upbeat session on Wall Street. The market has been extremely bul...

Growing concerns about inflation could send gold prices soaring back above the US$2,000 ($2,746) an ounce mark it last reached back in 2020. Prices of the precious metal have already been rising steadily over the past fortnight, up some 3.7...

A downbeat week for Australian investors looked set to end with a strong recovery as gains in mining stocks lifted the market towards its first gain in five sessions. The S&P/ASX 200 rallied 73 points or 1 per cent, reversing all but...

Today, the S&P/ASX 200 Index (ASX: XJO) moved further to the downside following a weaker session. At the end of the day, the benchmark index finished 0.24% lower at 7,434.2 points. Another motley day on the market saw a mixture of red...

Lithium boom to continue in 2022: S&P Global Elon Musk under pressure to sell ~$US21bn worth of Tesla stock Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths,...

A global carbon taxation regime could slash gold miner profit margins by up to 45% unless an effort is made to reduce greenhouse gas emissions, Metals Focus says. Some countries, such as Canada and Sweden, already impose carbon taxes and th...

The ASX rose 0.48% today to reach its highest point in the week. While energy lost 2% most other sectors were in the green with tech and financials gaining over 1%. Today’s gains came despite the Federal Reserve unveiling a tapering of stim...

The gold price may be in a holding pattern at ~$US1,800/oz, but Aussie gold miners continue to throw piles of cash at acquisitions and new developments. Westgold (ASX:WGX) looks increasingly likely  to hoover up struggling producer Gascoyne...

Pacific Nickel will fast track early capital works at its Kolosori nickel project in the Solomon Islands after receiving strong investor support for its $5.25m placement. Existing shareholders and a large number of new institutional and sop...

Highlights  Australian shares eased downward today as the ASX 200 closed 0.2 per cent lower; energy shares performed worst. Most Asian stocks fell amid concerns that the recovery from COVID-19 will slow as elevated inflation forces tig...

Local stocks lost ground on Thursday, with minor falls at the big end of town and a slightly steeper drop of ~0.8% for the microcap Emerging Markets Index. The ASX opened with a weak lead from Wall Street, after a fortnight of steady gains...

Financial stocks were the only sector in the green today, with the benchmark ASX 200 index falling by 0.3% at the close. It was the first time this week the local bourse finished in the red, in a broad-brushed selloff led by the Energy sect...

Highlights The ASX 200 fell 0.5% by mid-session. All 11 sectors were bleeding in red. Victoria reported 1,923 COVID-19 cases in past 24 hours. Australian shares continued to trade lower by the afternoon as inflation fears and corr...

The ASX 200 edged into positive territory by the close of trade, after digesting Q3 inflation data which came in slightly higher than expected. The higher print for core inflation saw the Aussie dollar push higher and stocks briefly fell, b...

The ASX got off to a solid start today but the rally eased following the release of inflation data. Core inflation rose at the fastest pace since 2015 leading to speculation that the tightening of monetary policy could come sooner than 2024...

Pacific Nickel Mines (PNM) is getting ready to raise more capital after placing its shares in a two-day trading halt on the ASX The materials stock hasn’t released full details of the fundraise, but more information should come to light be...

China’s ongoing energy shortage starts to affect domestic battery materials production Tesla ditches nickel, cobalt as prices soar Pilbara Minerals’ (ASX:PLS) third spodumene auction unofficially scheduled for October 26 Weekly small cap s...

Weekly update on stockbroker recommendation, target price, and earnings forecast changes. By Mark Woodruff Guide: The FNArena database tabulates the views of seven major Australian and international stock brokers: Citi, Credit Suisse, Macqu...

Highlights The ASX 200 ended in a volatile trading session on Friday. The benchmark index finished the week with 0.7% gain. Eight of 11 sectors ended higher, while energy and materials declined the most. Asian shares traded mostly hi...

Gold stocks are cheap, experts keep saying. Well-known analyst Jesse Felder has now demonstrated the “pathetic performance” of the US gold majors in handy chart form. The US listed BANG stocks (Felder’s play on FANG) include gold giants Bar...

Highlights The Australian shares pared back gains enjoyed through most of the day to close flat today, finishing just 1.7 points higher at 7415.4. Weekly payroll jobs edged 0.2% higher in the two weeks ended September 25 in a positive...

Despite an avalanche of quarterly reports there were few standouts among the big resources names on Thursday as the sector traded flat. One bright spot was Indonesian nickel producer Nickel Mines (ASX:NIC), the largest beneficiary of a 5.4%...

After trading higher by half a percent for most of the day, the benchmark ASX 200 ended up just 0.07% higher, taking its weekly gain to 0.70%. Properties and miners were the major winners, while travel stocks dragged the index down. The loc...

Today, the S&P/ASX 200 Index (ASX: XJO) retreated in the afternoon to finish relatively flat. The benchmark index moved 0.02% higher to 7,415.4 points. The market was split in two directions today. While tech and property shares posted...

Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium.   Lithium carbonate prices are going gangbusters off the back of limited supply and stable lithium-...

After the unexpected end of Victoria’s lockdown the only way was up for the market, with the S&P/ASX 200 (ASX: XJO) gaining 0.3% to start the week. Whilst not a large gain it hid a further divergence in cyclical versus defensive sectors...

On 18th October 2021, the Australian market managed to end in green. Notably, ASX 20 and ASX 300 increased by 0.47% and 0.24%, respectively. Also, ASX 200 rose by 0.26% and ASX 100 witnessed a rise of 0.28% to 6,085.90. However, on the same...

Highlights  Australian shares closed higher today despite bond yields soaring. ASX 200 touched its highest level in three weeks as the materials sector led the gains. In Asia, stocks plummeted on China’s lower than expected rate of gr...

The Chinese Government sure is stubborn, and has gone full throttle on those steel production cuts most people doubted it would achieve. The latest figures out of China, which threatened to keep output from steel mills at 2020 levels this y...

The ASX 200 started fairly strongly but lost ground into the closing bell to finished 0.19% higher. Two dominant thematics over the past month — surging oil prices and the uranium bull market — were both in full effect today as resources an...

Highlights  Senex Energy jumped nearly 16% on receiving a takeover bid. Aristocrat Leisure shares entered trading halt following an acquisition announcement. Ramelius Resources shares dipped 5.5% on acquisition news. GPT Group shares...

The ASX saw a frenzy of M&A deals today and it sent the market higher. Companies completing deals included Ramelius Resources (ASX:RMS) buying Apollo Consolidated (ASX:AOP) and Class (ASX:CL1) being acquired by Hub24 (ASX:HUB) along wit...

A third day of gains lifted the ASX to its highest close in three weeks, powered by the banking and mining juggernauts. The S&P/ASX 200 trimmed its advance after a mid-session report showed the Chinese economy and factory output slow...

Today, the S&P/ASX 200 Index (ASX: XJO) eked out another positive session. The benchmark index moved 0.26% upwards to 7,381.1 points. It was a mixed day on the market to kick off the new week. While there were strong performers among t...

Highlights The ASX 200 was up 0.4% by lunchtime, boosted by mergers and acquisitions news. Seven of the 11 sectors traded in green, led by energy, financial and materials. Metal and mining companies, OZ Minerals, Orocobre and Nickel M...

Australian shares climbed for a third day ahead of a lunchtime economic update from trading partner China. The S&P/ASX 200 overcame a mid-morning wobble to reach mid-session 25 points or 0.35 per cent ahead. Gains in the heavyweig...

Torque makes new discovery, hitting thick and high-grade gold underneath historic pits Drill assays are pending for Enterprise – Evolution gold joint venture Pacific Nickel Mines (nickel), Consolidated Zinc (zinc, lead) and Audalia (vanadi...

What a time it is to be in base metals, with depleting stocks in metals warehouses and smelter shutdowns in energy starved Europe and China propelling prices to record levels. Is it a short-term phenomenon or a harbinger of what’s to come?...