Mining giants feel the pinch
Nickel Investing News reports nickel prices have been hit pretty hard trading at $10,000 per tonne as compared to $33,000 in February on the London Metal Exchange. When it comes to mining, Australia is taking the brunt of the hit. The large amounts of miners in the area are struggling to cope with the metal’s recent lows. Mines that have announced cutbacks include the Teck Cominco -owned Lennard shelf zinc mine, was idled last August because of low metals prices. Straits Resources announced th
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