Tumbling nickel prices impact IGO revenues

Falling nickel prices has seen the revenues of metals miner Independence Group decrease during the December quarter, as nickel prices fell.

Nickel production at Nova was down slightly in the December quarter, at 7 513 t of contained nickel, compared with the 7 724 t produced in the September quarter, while both copper and cobalt in concentrate production also declined slightly to 289 t of contained copper and 279 t of contained cobalt, compared with the 3 289 t and 279 t respective production in the September quarter.