It is reported Talvivaara missed Q2 earnings expectations and produced 3,951 tonnes of nickel in the quarter. It said its nickel output for the year will be towards the lower end of its 22,000 to 28,000 tons guidance.

The company swung to a EUR 1.2 million loss in the Q2 from a EUR 2.5 million profit in the year earlier period. The miner warned that the short term outlook for nickel is uncertain and volatility across the base metals complex is likely to remain high.

Weak demand from stainless steel mills and rising mine production push the market to a surplus situation and put the pressure on prices.

(Sourced from www.yieh.com)