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The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.
Message: London nickel leaps 11 pct, Shanghai copper limit up
http://money.ninemsn.com.au/article....
London nickel leaps 11 pct, Shanghai copper limit up
10/11/2008 1:41:00 PM
SINGAPORE, Nov 10 (Reuters) - London nickel leapt 11 percent on Monday and Shanghai copper hit its upside limit as industrial metals surged in the wake of China's plans to inject $600 billion to shore up the world's fourth-largest economy.
London Metal Exchange nickel rose $1,225 to $12,200 at 0230 GMT on Monday, up 11.2 percent from Friday. Shanghai copper rose 1,190 yuan to its upside threshold at 31,100 yuan ($4,557), chasing an 8 percent surge in LME copper and steep gains in other metals.
China's stimulus plan would kick off what could be another round of big spending or interest rate cuts by leading economies to stave off a recession in many countries [ID:nN09395080] ($1=6.825 Yuan) (Reporting by Nick Trevethan; Editing by Ben Tan)
© 2008 Thomson Reuters. All rights reserved.
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