Friday, May 4, 2007

Nickel Futures Advance to Record in London; Lead Increases to Highest Ever

(Bloomberg) -- Nickel advanced to records in London as the state government of Western Australia said it will monitor a shipment in an investigations that has curbed lead exports. Lead also rose to its highest ever.

A 20,500 metric-ton shipment of nickel concentrate from LionOre Mining International Ltd. and Jubilee Mines NL, scheduled to leave Australia's Esperance Port tomorrow, will be monitored. Western Australia state's Department of Environment and Conservation said today it will stop the ship loading should odor or dust be detected. Concentrate is shipped to smelters.


Read more at Bloomberg Commodities News

No comments: