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Sherritt International Corporation ("Sherritt" or the "Corporation") (TSX: S), a world leader in the mining and refining of nickel from lateritic ores, today reported its financial results for the three and six months ended June 30, 2015.

Metals developer Axiom Mining has raised 5 million dollars through a private share placement to fund the ongoing development of its Isabel nickel project, in the Solomon Islands.

Just four-five short years ago even the flimsiest prospect or project could look forward to lavish funding and a fat market cap. Today even those juniors doing the right thing at the right time still cannot attract investors to take it to the next level.

Canada-based First Quantum Minerals has started recommissional work at the Ravensthorpe nickel mine, in Western Australia.

Reuters reported that while the prospect of nickel supply tightness has “put a floor under prices,” a true recovery won’t happen until Chinese stainless steel mills increase their orders. When that happens, global stockpiles of the metal should begin to sin...

Reuters reported that small Australian miners are being hit by the 30-percent nickel price slump that’s hit the market this year. Some have had to delay projects and expansions.

Even longer term, the picture is much the same. BMO anticipates a nickel price of $7.25 in 2017 and $8 in 2018; earlier it had predicted a nickel price of $11 in both years.

At the end of 2014, many market watchers anticipated positive price action in the nickel space in the near term.