Why Did the Nickel Mines Share Price Rebound Today?

Motley Fool2022-03-16

Key pointsThe Nickel Mines Ltd(ASX: NIC) share price closed almost 4% higher today ahead of the restart in nickel trading on the London Metal Exchange.Nickel Mines shares finished the day at $1.20, a ...

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carroll
2022-03-16
carroll
hallo
beebeeyan
2022-03-16
beebeeyan
moass
Egging
2022-03-16
Egging
LIKE
ngng
2022-03-16
ngng
Daily

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Did the Nickel Mines Share Price Rebound Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 17:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2022/03/16/why-did-the-nickel-mines-share-price-rebound-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key pointsThe Nickel Mines Ltd(ASX: NIC) share price closed almost 4% higher today ahead of the restart in nickel trading on the London Metal Exchange.Nickel Mines shares finished the day at $1.20, a ...</p>\n\n<a href=\"https://www.fool.com.au/2022/03/16/why-did-the-nickel-mines-share-price-rebound-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NIC.AU","symbol_name":"Nickel Industries Ltd","start_time":0,"source_url":"https://www.fool.com.au/2022/03/16/why-did-the-nickel-mines-share-price-rebound-today/","article_id":"1116082804","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1116082804","pubTimestamp":1647422057,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Key pointsThe Nickel Mines Ltd(ASX: NIC) share price closed almost 4% higher today ahead of the rest","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"NIC.AU":"Nickel Industries Ltd"},"translate_title":"今天镍矿股价为何反弹？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NIC.AU":0.9},"content_text":"Key pointsThe Nickel Mines Ltd(ASX: NIC) share price closed almost 4% higher today ahead of the restart in nickel trading on the London Metal Exchange.Nickel Mines shares finished the day at $1.20, a 3.9% gain. For perspective, the S&P/ASX 200 Index (ASX: XJO) closed 1.1% higher today.Let’s take a look at what is happening at Nickel Mines.All eyes on the London Metal ExchangeThe Nickel Mines share price made a healthy gain ahead of the resumption of nickel trading on the London Metal Exchange (LME). Trading of the metal will recommence at 8 am London time on 16 March. This is three hours after the ASX closes.The reopening in London comes after the LMEsuspended nickel trading last week amid nickel prices hitting record highs above US$100,000 a tonne.Nickel Mines was not the only ASX nickel share to jump today.Panoramic Resources(ASX: PAN)leapt 3.36% while IGO Ltd(ASX: IGO)and Mincor Resources(ASX: MCR)both climbed 1%.Nickel Mines was one of the top three most traded ASX 200 shares by volume on Wednesday, as my Foolish colleague Sebastianreported.Earlier this week, Nickel Mines reported the Oracle Nickel Project in Indonesia had been granted corporate tax relief. Nickel Mines hopes to complete its 70% stake in the project by the end of the year.Last week, Nickel Minesdealt with media speculation about a short position in LME nickel held by the Tisinghan group. Tsingshan informed the company it had no intention of buying or selling any Nickel Mines shares. Yesterday, Tsingshan reached a standstill agreement with its banks to avoid further margin calls, according to reporting by Bloomberg.Earlier, Nickel Mines also withdrew a share purchase plan after receiving applications totaling $57 million. The company had been aiming to raise $18 million.Nickel mines share price snapshotThe Nickel Mines share price has dropped almost 18% in the past year, falling 16% year to date.In the past week alone, the company’s shares have shed around 19%.For perspective, the benchmark index has returned around 5% over the past year.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9032467067,"gmtCreate":1647428355768,"gmtModify":1676534228448,"author":{"id":"3581250367192554","authorId":"3581250367192554","name":"carroll","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"hallo","listText":"hallo","text":"hallo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032467067","repostId":1116082804,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032465994,"gmtCreate":1647427700138,"gmtModify":1676534228393,"author":{"id":"3581331692871918","authorId":"3581331692871918","name":"beebeeyan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"moass","listText":"moass","text":"moass","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032465994","repostId":1116082804,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032483883,"gmtCreate":1647423362722,"gmtModify":1676534228004,"author":{"id":"3574409680880402","authorId":"3574409680880402","name":"Egging","avatar":"https://static.tigerbbs.com/5d5b3caed5b1dc46f9f3a4e05eef58cb","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"LIKE","listText":"LIKE","text":"LIKE","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032483883","repostId":1116082804,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032417599,"gmtCreate":1647422567034,"gmtModify":1676534227956,"author":{"id":"3578617841803194","authorId":"3578617841803194","name":"ngng","avatar":"https://static.tigerbbs.com/b909b3a42bcfbf3b1cbd8bf9ed13dc8a","vip":1,"crmLevel":8,"crmLevelSwitch":0},"htmlText":"Daily","listText":"Daily","text":"Daily","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032417599","repostId":1116082804,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":37,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1116082804"}