Nickel Ore inventories at China’s 5 major ports decline after 5-week rise in a row

Nickel ore inventories at China’s top five ports, Rizhao, Lanshan, Lianyungang, Tianjin and Jingtang, fell 1,000 tons to 14.70 million tons last week after growing for five weeks in a row, as per latest Shanghai Metals Market data.

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What are the factors to drive base metals this week?

A series of economic data will be due this week, and with strong speculative activities, base metals prices will each continue down recent trendlines, as per major Chinese analysts.

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BHP Billiton pledges A$12mn for Bush Blitz program to 2017

Alongside partners the Australian Government and Earthwatch, BHP Billiton Sustainable Communities have announced a A$6 million contribution to the second stage of the unique species discovery program, Bush Blitz.

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