This
page is archived news covering the period of August 2016
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Wednesday, August 31
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.46/lb. Indicators at
5:40 am CST today show 3 month nickel trading around $.01/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Tuesday and now total
just over the 370,100 tonne level. News remains quiet as the summer vacation
period comes to an end over the next few days. The traded price of nickel
continues to drift, but is holding its own and resisting the negative pressure
of a stronger US Dollar.
Average price of cash nickel so far this month - $4.71/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(SMM) China’s stainless steel exports were 369,200 tonnes in July, up
9.6 per cent month-on-month and 34.0 per cent year-on-year, according to
China Customs.
Treasuries Extend Drop in August on Fed Outlook as Dollar Gains -
more
Boost for stainless and chrome scrap values - Global: Gains in the nickel
price have been reflected in stainless steel scrap values: over the course
of August, the 304 quality has climbed from US$ 1070-1120 per tonne to US$
1090-1140 while 316 material has advanced from US$ 1410-1460 to US$ 1450-1500.
-
more
Panoramic
suffers severe loss amid plummeting nickel price – Nickel-focused Panoramic
Resources’ 2016 financial year results have been severely impacted by
the falling nickel price, which reached a decade low in February, pushing
the company into an after-tax loss of A$144.4-million, against a loss of
A$28.8-million reported in the previous year. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Tuesday, August 30
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.44/lb
. Indicators
at 5:30 am CST today show 3 month nickel trading around $.02/lb
higher. Stockpiles
of nickel stored in LME approved warehouses rose on Friday and now total
just over the 370,850 tonne level. A stronger US Dollar on US rate increase
concerns is putting negative pressure on base metals, with nickel idling
for a second session.
Average price of cash nickel so far this month - $4.73/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Negative Indian Ocean Dipole influencing Australia’s climate, while
Pacific remains ENSO-neutral -
more
Dollar Advances as Treasuries Drop Before Fischer; Stocks Rise -
more
4 Nickel Miners
Set to Soar On Philippines Crackdown - Drug pushers aren’t the only
victims in a crackdown by hardline Philippines president Rodrigo Duterte.
-
more
China Xinxin's
H1 nickel cathode output up 5%, copper cathode output down 72% - China's
Xinjiang Xinxin Mining Industry produced 6,006 mt of nickel cathode over
January-June, up 5.2% year on year, the company said last Friday. -
more
China
Bearing to buy Indonesia nickel ore mine through reverse takeover - China
Bearing, which became a cash company after disposing of its operating subsidiary
in December last year, is acquiring an Indonesian nickel ore mine via a reverse
takeover. -
more
Clive
Palmer forced to front nickel refinery hearings - Clive Palmer could be called
to give evidence under oath about the collapse of his North Queensland nickel
refinery on Monday. -
more
Courtesy AISI
- In the week ending August 27, 2016, domestic raw steel production was 1,642,000
net tons while the capability utilization rate was 70.2 percent. Production
was 1,726,000 net tons in the week ending August 27, 2016 while the capability
utilization then was 72.2 percent. The current week production represents
a 4.9 percent decrease from the same period in the previous year. Production
for the week ending August 27, 2016 is down 0.8 percent from the previous
week ending August 20, 2016 when production was 1,655,000 net tons and the
rate of capability utilization was 70.8 percent. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Monday, August 29
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.44/lb
. Indicators
at 6:00 am CST today show 3 month nickel not trading with LME markets closed
for a holiday. Trading will resume tomorrow. Stockpiles of nickel stored
in LME approved warehouses fell on Thursday and started Friday's trading
session just over the 370,550 tonne level. Nickel stalled on Friday after
slumping below the $10,000/tonne level on Thursday. Surcharges for the US
stainless steel buyers are higher for September
(posted
here).
Average price of cash nickel so far this month - $4.73/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
European Stocks Fall as Fed Outlook Lifts Dollar; Oil Declines -
more
Sherritt
International Corporation Interview of Flora Wood, Director, Investor Relations
and Communications - Sherritt International Corporation is a low cost nickel
producer using HPAL with assets that have mine lives of 20+ years, so 20
to 30 years. -
more
Russia’s
Norilsk Nickel dismantles old nickel plant early - Russian metals producer
Norilsk Nickel has stopped its oldest nickel facility in Norilsk two months
ahead of schedule, the company said in a statement on Friday. -
more
Clive
Palmer's Queensland Nickel refinery accused of 'gross negligence' in Townsville
court - Clive Palmer's nickel refinery has been accused of "gross negligence"
over the overflow of its tailings dam during a trial in north Queensland.
-
more
Ring plan
close: Noront head - The Ontario government has most of the data it needs
to inform a decision on the infrastructure it would be prepared to build
and finance in the Ring of Fire, says the head of Noront Resources Inc. -
more
Hugh Morgan’s team in high-grade nickel discovery - Mining industry
veteran Hugh Morgan heads a private syndicate that has made a potentially
world class, and highly unusual, nickel discovery in the heart of Nigeria.
-
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Thursday, August 25
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.49/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading around v$.02/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Wednesday and now totals
just over teh 372,400 tonne level. If we were to title yesterday's news,
it would have been "We're back". And obviously traders agreed ,as nickel
fell back below the 10,000 tonne level on news Indonesia nickel was once
again shipping into China, making the problems in the Philippines a little
less relevant to the world picture. Yesterday's withdrawals from LME licensed
warehouses took nickel numbers back below where the started the month at
- finally. This is our last update for the week so we hope each of you have
a safe and relaxing weekend and invite you back next week.
Average price of cash nickel so far this month - $4.76/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
European Stocks Retreat as Dollar Rally Fades Before Yellen -
more
Nickel
merry-go-round: Indonesia ferronickel replacing Philippine ore - Is nickel's
current rally sustainable or is the metal merely having a strong run because
market participants are more focused on the environmental crackdown in top
ore miner the Philippines, rather than on the surge in Indonesian ferronickel
exports? -
more
Philippines
could suspend more mines in environmental crackdown - The Philippines could
suspend more mines in a crackdown on environmental abuses that has halted
operations of 10 miners, a minister said on Wednesday, dismissing a claim
by mineral producers the review was a "demolition campaign" against them.
-
more
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Wednesday, August 24
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.65/lb. Indicators
at 6:00 am CST today show 3 month nickel trading around $.01/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Tuesday and now total
just over the 373,200 tonne level. Imports of nickel ore and refined nickel
into China fell sharply in July, while ferronickel shipments from Indonesia
soared. Market remains quiet as summer nears its unofficial end and
traders wait to see if orders will pick up as vacations end.
Average price of cash nickel so far this month - $4.76/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Emerging Markets Fall on Fed Bets as Oil Leads Commodities Lower -
more
China Nickel
Trade Shifts as Ore Imports Drop, Ferronickel Rises - China’s imports
of nickel ore and refined metal dropped in July, while overseas purchases
of an intermediate form of the raw material surged, signalling the shifting
mix of shipments into the world’s top stainless-steel producer. -
more
Lawmaker
says ban ore exports or shut shop - A lawmaker has revived a proposal to
ban exports of unprocessed minerals to spur domestic processing, in a move
that may tighten global nickel supply and make it an even tougher business
environment for miners in the world's top producer. -
more
Nickel Price
Update: Back on Track? - While the nickel price has been on the rebound so
far this year, it still has a ways to go. Will it continue rallying? -
more
Reader's view:
Potential pollution from copper-nickel mining puts much at risk - I applaud
Gov. Mark Dayton and former Vice President Walter Mondale for speaking out
to protect the BWCAW from the risks of copper-nickel mining. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Tuesday, August 23
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.65/lb
. Indicators
at 5:45 am CST today show 3 month nickel trading around $.01/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell on Monday and now total
just over the 373,500 tonne level. Nickel is trading sideways today, after
trading lower yesterday. Markets are now concerned about the possibility
of an interest rate increase in the US, which is helping the US Dollar, which
in turn adds negative pressure on commodity trading.
Average price of cash nickel so far this month - $4.77/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
China dumps duties on Japanese steel after WTO ruling -
more
Dollar Drops on Rate Outlook as European Stocks Rise, Oil Falls -
more
Nickel
market swings into undersupply - After several years of surplus, the nickel
market moved to a deficit in the second quarter of this year and, with the
price of the commodity now above $10 000/t, a smaller portion of global nickel
producers are now cash negative, research and consultancy group Wood Mackenzie
nickel markets principal analyst Sean Mulshaw tells Mining Weekly. -
more
Philippines
Ore Ban Unlikely During Duterte’s Term, Says Senator - A lawmaker with
oversight of the Philippines’ embattled mining industry said the nation
is at least six years away from enacting legislation that would ban mineral-ore
exports and force companies to process metals locally. -
more
European
September stainless steel alloy surcharges move up again - Monthly alloy
surcharges on austenitic grades of stainless steel flat-rolled products in
Europe are up again for September, hitting their highest levels in over a
year, first mill announcements indicated Monday. -
more
July
2016 crude steel production - World crude steel production for the 66 countries
reporting to the World Steel Association (worldsteel) was 133.7 million tonnes
(Mt) in July 2016, 1.4% up on July 2015. -
more
Courtesy AISI
- In the week ending August 13, 2016, domestic raw steel production was 1,685,000
net tons while the capability utilization rate was 72.1 percent. Production
was 1,726,000 net tons in the week ending August 13, 2015 while the capability
utilization then was 72.2 percent. The current week production represents
a 2.4 percent decrease from the same period in the previous year. Production
for the week ending August 13, 2016 is down 0.7 percent from the previous
week ending August 6, 2016 when production was 1,697,000 net tons and the
rate of capability utilization was 72.6 percent.
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Monday, August 22
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.70/lb. Indicators
at 6:00 am CST today show 3 month nickel trading around $.08/lb
lower. Stockpiles
of nickel stored in LME approved warehouses rose on Friday and now total
just under the 373,700 tonne level. Two thirds thru the month and stockpiles
are on track for their first monthly gain since January. Nickel is lower
on a stronger US Dollar this morning, but the short term trend appears to
have taken on a negative tone. Since touching the $5/lb level a week and
a half ago, nickel has fallen over $800/tonne. Considering the summer slow
period for stainless steel production is coming to an end, the price negativity
is concerning.
Average price of cash nickel so far this month - $4.78/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Dollar Rises on Fed Outlook as Emerging Stocks, Commodities Fall -
more
Brazil key
area for nickel: CEO - Jeremy Martin, CEO at Horizonte Minerals, explains
the importance of nickel and the crucial role Brazil plays in the metal's
global supply. -
video
here
We
Did It, You Should Too: Ore-Ban Talk Gathers Pace in Asia - The Philippines
should follow Indonesia’s lead and prohibit the export of raw metal
ores, according to National Development Planning Minister Bambang Brodjonegoro,
who said he was a big supporter of the curbs imposed by his country and results
so far have been a success. -
more
Colombia
gold, silver, nickel, coal output gain in second quarter - Colombian output
of gold, silver, nickel and coal all rose in the second quarter from a year
ago, while platinum production fell, the government said Friday. -
more
China May
Reverse Affirmative Decision on Japan's Seamless Stainless Pipes - The WTO
arbitrated a breach of agreements in October last year against China's final
determination for an antidumping (AD) case on Japanese seamless stainless
steel pipes/tubes. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Thursday, August 18
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.64/lb. Indicators
at 6:00 am CST today show 3 month nickel trading around $.04/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell slightly on Wednesday and
still total just over the 373,550 tonne level. Nickel is trading higher this
morning on a stronger Euro. This is our final update for the week so
we hope each of our readers have a safe and relaxing weekend.
Average price of cash nickel so far this month - $4.80/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
European Stocks Rise as Fed Outlook Sinks Dollar; Brent Near $50 -
more
Kirkenes
strengthens tie with Murmansk - We agree that the massive nickel pollution
across the border must stop», local Mayor Rune Rafaelsen says after
his meeting with Murmansk Governor Marina Kovtun. -
more
China's Foreign
Trade Result of Molybdenum in Jan-Jun 2016 - When compared with year-earlier
period, export is up by 45% and import is up by 2.1 times = According to
the calculation to figure out volumes in pure Mo equivalent based on China's
customs statistics, the export volume in the period from January to June
in 2016 was 4.3263 million lbs (up by 44.9% from the year-earlier period)
and the import volume was 12.0494 million lbs (up by 2.1 times as much as
the year-earlier period). -
more
Metal
production down 11.6% in Q1 - The value of metallic minerals produced in
the Philippines fell 11.6 percent year-on-year to about P22.1 billion in
the first quarter amid a slump in prices, according to the Mines and Geosciences
Bureau (MGB). -
more
China
must import more ore - China is the leader in extracting gold, zinc, lead,
molybdenum, coal, tin, tungsten, rare earths, graphite, vanadium, antimony
and phosphate, and holds second place in mine production of copper, silver,
cobalt, bauxite and manganese. -
more
U.S. Service
Center Inventories Climb in July - Service center shipments of steel and
aluminum products continued to trail 2015 in both the U.S. and Canada, while
inventories began to trend upward, reports the Metals Service Center Institute,
Rolling Meadows, Ill., in its July Metals Activity Report. -
more
Russian
steel firm Evraz's core profits drop 38 pct - Evraz, one of Russia's largest
steel producers, reported a 38 percent fall in first-half core earnings on
Thursday, hit by weaker steel prices and missing market forecasts. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Wednesday, August 17
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.65/lb. Indicators
at 5:50 am CST today show 3 month nickel trading around $.01/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell on Tuesday and now total
just over the 375,550 tonne level. Nickel is having trouble recoverying from
Friday's sharp dip, but prices reamin supported by the uncertain future of
Philippine nickel ore mining.
Average price of cash nickel so far this month - $4.82/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
European Stocks Slip With Oil as Fed Speculation Revives Dollar -
more
Top Chinese
Nickel Producer Says Bull Market Just Beginning - Nickel’s rally is
only just getting started, making the metal an attractive bet for investors,
according to Jinchuan Group, China’s biggest producer of the refined
metal. -
more
Philippine
mining turmoil drives nickel prices - Philippine mining companies are keenly
awaiting the results of a nationwide government audit of their environmental
standards, due for completion by the end of August, with some voicing concern
that they could be hobbled by stricter rules. -
more
Global Ferronickel swings to net loss in H1 -
more
S&P Global
Platts China steel sentiment index stays buoyant in August outlook for long
steel prices at record high, steel output tipped to rise - Sentiment in
China’s steel market remained buoyant at the start of August with the
outlook for construction steel prices hitting a record high, according to
the latest S&P Global Platts China Steel Sentiment Index (CSSI), which
showed a headline reading of 62.68 out of a possible 100 points. -
more
Clive
Palmer summoned to Federal Court - Clive Palmer has been summoned to face
questions over the collapse of Queensland Nickel in the Federal Court -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Tuesday, August 16
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.76/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.06/lb
lower. Stockpiles
of nickel stored in LME approved warehouses rose by a eye opening 4,944 tonnes
on Monday and now total just shy of the 374,000 tonne level, which is higher
than it started the month at. BHP reported a $6.4 billion dollar loss over
the last year - yes, billion with a B. Philippine miners are starting to
make noise as their forced cessation of production is causing lay off's to
begin.
Average price of cash nickel so far this month - $4.83/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Dollar’s Decline Reverberates as Emerging Markets Rise With Gold -
more
BHP falling
back in love with spurned nickel business - Too costly to shut down and too
inefficient to include in last year's spin off of unwanted assets, BHP Billiton's
much-maligned Nickel West division is making a comeback. -
more
Global miner BHP Billiton slumps to record loss -
more
DMCI
nickel mines lay off workers, put expansion on hold - DMCI Holdings Inc.
said on Monday its nickel mining units are laying off hundreds of workers
and putting plans to ramp up production on hold, as a government crackdown
has begun to take its toll on the beleaguered sector. -
more
Manicani
calls DENR mine audit 'unfair', wants suspension lifted - Miners and residents
of Manicani mine of the Hinatuan Mining Corp. have called the ongoing audit
of the Department of Environment and Natural Resources (DENR) "unfair and
baseless” and appealed for the lifting of the suspension of its ore
transport permit. -
more
Hindustan
Copper Limited inaugurated nickel production facility in Ghatsila - Hindustan
Copper Limited (HCL) on 10 August 2016 inaugurated the Nickel, Copper and
Acid Recovery Plant of Hindustan Copper Limited at Indian Copper Complex,
Ghatsila in Jharkhand. -
more
Courtesy AISI
- In the week ending August 13, 2016, domestic raw steel production was 1,685,000
net tons while the capability utilization rate was 72.1 percent. Production
was 1,726,000 net tons in the week ending August 13, 2015 while the capability
utilization then was 72.2 percent. The current week production represents
a 2.4 percent decrease from the same period in the previous year. Production
for the week ending August 13, 2016 is down 0.7 percent from the previous
week ending August 6, 2016 when production was 1,697,000 net tons and the
rate of capability utilization was 72.6 percent. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Monday, August 15
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.67/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.02/lb
higher. Stockpiles
of nickel stored in LME licensed warehouses fell on Friday and start the
week just under the 369,050 tonne level. Nickel gave up its August gains
on Friday and have returned to July levels after a report from China showed
Chinese investment activity slowed. An eighth nickel mine was ordered closed
in the Philippines, but a report from another this morning, reports it has
received 'favourable' feedback from a recent government audit. We will
have to wait and see if this feedback leads to a re-opening, but its the
least hostile quote from the Philippine government traders have seen in awhile.
Average price of cash nickel so far this month - $4.85/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Glencore extends production cuts to aid turnaround -
more
Emerging Markets Lead Gains in Stocks, Currencies as Oil Rallies -
more
UBS Makes
a Bugle Call for Nickel Bulls on Crackdown, Demand - Rising demand, deficits
and a crackdown in the Philippines are combining to make nickel one of its
most-preferred commodities, according to UBS Group AG, which said the full
impact of mine shutdowns in the Southeast Asia nation may be felt only next
year when exports fail to ramp up as usual. -
more
Philippines halts eighth nickel miner after audit - The Philippines has suspended
an eighth nickel ore mine and threatened to shut the nation's biggest coal
producer amid an environmental probe ordered by the new government that's
due to finish next week. -
more
5 dead
in boiler explosion at nickel mine in Guatemala - " At least five people
were killed and several more injured by a boiler explosion at a nickel mine
processing plant in Guatemala. -
more
Zimbabwe:
BNC Nickel Sales Down 31 Percent - Bindura Nickel Corporation says sales
of nickel in concentrate plunged 31 percent during the first quarter of 2017,
as volumes, recoveries and head grade took major knocks. -
more
Philippines' Global Ferronickel anticipates shipment of higher grade nickel
ore to China in H2 - Aug 15 Philippines' Global Ferronickel Holdings Inc,
in a statement, says -
more
Minings stocks rally postpones industry revamp - Investors in mining stocks
could face years of weak returns as a rally in share and industrial metals
prices eases pressure on companies to restructure and curb oversupply. -
more
State
Government says Yabulu will retain water rights out to 2111 - The Yabulu
nickel refinery will retain rights to underground water in the Black River
sub-artesian area while it is shut down to maximize the chance of the plant
reopening, the state’s Natural Resources Department says. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Thursday, August 11
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$5.00/lb. Indicators at
6:00 am CST today show 3 month nickel trading around $.12/lb
lower, Stockpiles
of nickel stored in LME approved warehouses fell on Wednesday and now total
just under the 369,500 tonne level. Another week and another pair of nickel
mines shut down in the Philippines. Nickel closed at its highest in a year
yesterday, and now that it has hit the psychologically important $5/lb level,
traders are taking profits today. It's Thursday so this is our final update
for the week. Have a safe and relaxing weekend and we hope to see you back
on Monday.
Average price of cash nickel so far this month - $4.85/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Oil Below $42 Keeps Stock Bulls at Bay; Kiwi Jumps, Nickel Falls -
more
DENR
suspends operations of 2 Eastern Samar mines - The Department of Environment
and Natural Resources (DENR) has suspended two more mining companies in Eastern
Samar, in line with the ongoing mining audit by the agency. -
more
No mining firm to be spared from audit, says Lopez -
more
Thyssenkrupp
sees Brexit vote neutral for steel merger chances - Britain's vote to leave
the European Union does not change the likelihood of Thyssenkrupp and Tata
merging their steel operations, Thyssenkrupp's finance chief said. -
more
High Nickel
containing Hastelloy grades corrosion performance - The reason to the development
of advanced chemical products and processes is the need for alloy materials
that can offer enhanced mechanical characteristics, metallurgical stability
and higher corrosion resistance in the severe media. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Wednesday, August 10
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.89/lb. Indicators
at 5:30 am CST today show 3 month nickel trading around $.01/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Tuesday and now total
just under the 370,400 tonne level. August is typically a very quiet news
month for nickel and stainless steel market news, and except for what is
going on in the Philippines, it would be that way this month as well. Duterte
and Lopez have ordered all mines to be inspected for environmental violations
and a 'lifestyle' check for any government official affiliated with the mining
industry. So far, eight mines have been closed - seven of which produced
nickel.
Average price of cash nickel so far this month - $4.84/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Standard Chartered - "If the Philippines authorities force widespread and
extended closures beyond the current piecemeal approach, the market balance
would significantly tighten and likely support at least another 10-20 percent
price move higher."
Dollar Weakens, Bonds Rally on Muted Prospects for Fed Rate Hike -
more
DENR
chief orders audit of all mining operations - Department of Environment and
Natural Resources (DENR) Secretary Gina Lopez said Wednesday she has ordered
an audit of big and small mining projects to ensure that they are complying
with environmental laws. -
more
Lifestyle
check on officials linked to mining pushed - Surigao del Norte Rep. Robert
Barbers asked President Duterte yesterday to order a lifestyle check on
government agencies connected to mining in order to find out the extent of
the industry’s “crookedness.” -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Tuesday, August 9
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.93/lb. Indicators at
5:45 am CST today show 3 month nickel trading around $.09/lb
lower. Stockpiles
of nickel stored in LME approved warehouses rose on Monday, and now total
just over the 371,150 tonne level. The Philippines government has turned
its attention away from its nickel mines and has now ordered all small scale
gold mines closed and its lone iron ore mine to stop production.
Average price of cash nickel so far this month - $4.84/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Bonds Climb as Central Banks Stoke Demand, Commodities Decline -
more
Chinese
production drives global stainless steel output rise - Global production
of stainless steel was 0.4 percent higher in the first quarter than in the
same period of 2015 as Chinese mills ramped up their output, despite pledges
to reduce over-capacity, industry data showed on Monday. -
more
London
Metal Exchange cuts fees, but is it too little too late? Andy Home - The
London Metal Exchange (LME) has just unveiled a package of measures designed
to "strengthen its role as the global liquidity centre for metals trading".
-
more
Import of
Stainless Steel Scrap in June 2016 - According to the import statistics prepared
by the Ministry of Finance, the import volume of stainless steel scrap in
June 2016 was 9,933 tons, up by 11.3% from the prior month. The import by
country is as shown in Table 1 and the same by discharge port in Table 2
respectively. -
more
QNI bosses,
legal reps a no show in court - A trial involving alleged environmental breaches
by Queensland Nickel is expected to go ahead despite the company refusing
to appear in court. -
more
DENR
asks all small-scale miners to stop operating - The Department of Environment
and Natural Resources (DENR) has ordered to stop all small-scale mining
operations, the source of 60 percent of gold production in the country. -
more
Courtesy AISI
- In the week ending August 6, 2016, domestic raw steel production was 1,697,000
net tons while the capability utilization rate was 72.6 percent. Production
was 1,726,000 net tons in the week ending August 6, 2015 while the capability
utilization then was 72.2 percent. The current week production represents
a 1.7 percent decrease from the same period in the previous year. Production
for the week ending August 6, 2016 is up 1.0 percent from the previous week
ending July 30, 2016 when production was 1,681,000 net tons and the rate
of capability utilization was 71.9 percent. -
source
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Monday, August 8
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.86/lb. Indicators at
6:00 am CST today show 3 month nickel trading around $.05/lb
higher. Stockpiles
of nickle stored in LME approved warehouses fell on Friday and start the
week just over the 369,200 tonne level. The new Philippine administration
continues to express its hostility toward its mining industry as the new
President openly calls for investigations into the lifestyle of government
officials who might have, or be benefitting from the industry. This rhetoric
invites suspicion and continues to make traders nervous. This nervousness
is being reflected with nickel trading at 2016 highs.
Average price of cash nickel so far this month - $4.82/lb
Average price of LME traded nickel in 2014 - 2015 - $5.37/lb / 2014 - $7.65/lb
/ 2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Stocks Gain With Commodities on Growth Optimism as Pound Falls -
more
LME
Ni Average Price in July Up by 15% from Prior Month = Inventory level is
373,074 tons, which repeats ups and downs = LME monthly average nickel price
in July 2016 was Cash seller: US$10,251.90 per ton (US$4.650 per lb) and
3-month seller: US$10,295.47 per ton (US$4.670 per lb). -
more
Philippine
"shock and awe" mine crackdown rattles nickel markets - As the Philippines'
tough-talking new president ratchets up a campaign against irresponsible
mining, the suspension of a quarter of the country's nickel mines and the
risk of more action to come is spooking global nickel markets. -
more
Lifestyle check on officials linked to mining pushed -
more
EU Stainless
Steel Market Roundup From MEPS - According to MEPS, purchasing activity for
hot rolled stainless steel slowed, in Germany, as the summer holiday period
approached. -
more
Sherritt,
Sumitomo Defer Payments on Ambatovy Nickel Project - The owners of the Ambatovy
nickel mine in Madagascar said they had agreed to defer project financing
payments to lenders of $565 million as they wait for prices to improve. -
more
Successful separation of nickel and cobalt - Innovation Metals Corp. (IMC
or the company) is pleased to report on the successful separation of nickel
and cobalt from nickel-laterite ores at the pilot scale, using its proprietary
RapidSX™ process for the low cost separation of technology metals. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Thursday, August 4
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.87/lb. Indicators at
6:00 am CST today show 3 month nickel trading around $.09/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell on Wednesday and now total
just under the 371,750 tonne level. Market got a boost yesterday on news
that another nickel mine had been shut down for environmental violations.
The count now stands at seven. Nickel is down with the market today, as investors
take profits and await a rate announcement from the Bank of England and the
US jobs report tomorrow. This is our final update for the week so we hope
each of you have a safe and relaxing weekend.
Average price of cash nickel so far this month - $4.86/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb
/ 2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
What to Watch as Carney Kicks Off Defense Against Brexit Fallout -
more
Philippines
suspends seventh nickel miner in environmental crackdown - The Philippine
government has suspended the operations of a seventh nickel miner, Claver
Mineral Development Corp, a minister said on Thursday, deepening an environmental
crackdown that has caused jitters in global nickel markets. -
more
Background article - Philippines flips the pig nickel finger at China -
more
Japan to
Offer Prices of CR Austenitic Stainless Sheets at $2,100 CFR = For October
shipment = The Japanese mills are expected to commence negotiations on
cold-rolled (CR) austenitic stainless steel sheets for Asia from the latter
half of the next week for October shipment and intend to raise their offer
prices by $100 from those for September shipment to $2,100 CFR. -
more
New workers
are seeking to the Nickel Sales, Queensland - Palmer is looking for the new
working force to the Queensland’s Nickel plant. Clive reveals his new
plans to rebrand and give a second chance to his nickel’s refinery in
the Townsville. -
more
Small
Australian miners are the canaries of commodity prices: Russell - Are the
strong gains this year in small Australian resource companies a harbinger
of sustainable rallies for both bigger miners and commodity prices in general?
Past evidence suggests yes. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Wednesday, August 3
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.86/lb. Indicators
at 6:00 am CST today show 3 month nickel trading around $.02/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell on Tuesday and now total
just under the 372,400 tonne level. The pause in the bullish run continues,
but nickel shows no sign of giving back the profits it gained in July.
Considering the strength in the US Dollar against the Euro since the Brexit
vote, nickel's gain is even more impressive. The psychologically important
$5/lb level continues to sit just on the horizon.
Average price of cash nickel so far this month - $4.88/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb
/ 2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(SMM) Jinchuan Group will start its annual unit maintenance from mid August,
market insider said.
Global Stocks Drop as Oil Stokes World Growth Angst; Yen Climbs -
more
Nickel price
rally not expected to tempt producers - Nickel has found some strong bidding
interest in the last few months for the first time since late 2015. -
more
Nickel Prices See Continued Upside on Philippine Mining Crackdown -
more
Stainless
steel makers want level playing field - Healthy demand growth over the past
several years and a forecast by the Indian Stainless Steel Development
Association that the country will need 5.6 million tonnes of stainless steel
by 2022 encouraged the likes of Jindal Stainless and Salem Steel to make
large investments in new capacity. -
more
Horizonte
completes acquisition of Glencore project to create one of largest nickel
saprolite projects globally - Horizonte Minerals Plc, the nickel development
company focused in Brazil, is pleased to announce the transfer to a wholly-owned
subsidiary of the Company of the remaining two licences that make up the
Glencore Araguaia nickel project ('GAP') in north central Brazil. -
more
Mood
upbeat at Diggers & Dealers - Gold has been the rock star of this
year’s Diggers & Dealers, Evolution Mining’s Jake Klein has
said, but nickel and lithium are the surprise winners of 2016. -
more
Federal
Court serves summons on Clive Palmer and key lieutenants - The Federal Court
has issued fresh summonses to be served on Clive Palmer, a handful of his
key lieutenants and major accounting firms over the collapse of the
tycoon’s Queensland Nickel. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Tuesday, August 2
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.87/lb. Indicators at
5:30 am CST today show 3 month nickel trading around $.03/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Monday and now total
372,750 tonnes. Manila President Duterte is talking tough to Philippine miners,
and the market bulls are rejunevated. Nickel is once again teasing it may
make it to the $5/lb level, last seen a year ago.
Average price of cash nickel so far this month - $4.86/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Stocks Slide as Banks Drop With Energy Companies; Yen Advances -
more
La Niña WATCH remains, while strong negative Indian Ocean Dipole continues
- more
Duterte Warns Philippine Miners: We Can Survive Without You - Philippine
President Rodrigo Duterte ratcheted up pressure on the country’s miners,
the world’s biggest suppliers of nickel ore, telling them either to
comply with international environmental standards or shutter. -
more
Diggers
& Dealers: 'Worst over for nickel miners' - Local nickel miners have
seen through the worst of the commodity price crunch, according to Western
Areas managing director Dan Lougher. -
more
Courtesy AISI
- In the week ending July 30, 2016, domestic raw steel production was 1,681,000
net tons while the capability utilization rate was 71.9 percent. Production
was 1,750,000 net tons in the week ending July 30, 2015 while the capability
utilization then was 73.2 percent. The current week production represents
a 3.9 percent decrease from the same period in the previous year. Production
for the week ending July 30, 2016 is down 1.3 percent from the previous week
ending July 23, 2016 when production was 1,703,000 net tons and the rate
of capability utilization was 72.8 percent. -
source
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Monday, August 1
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.82/lb. Indicators
at 5:45 am CST today show 3 month nickel trading around $.03/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Friday and start the
week just over the 372,950 tonne level. Stockpiles began July at 379,338
tonnes and ended the month at 373,074 tonnes. On the other hand, the official
cash price rose $1000/tonne over the same period. August is typically a slower
month for stainless steel production, especially in Europe, so it will be
interesting to see if speculators will drive nickel higher on September
production hopes.
Average price of cash nickel so far this month - N/A
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Bond World Sees ‘Live’ September for Fed, But It’s September
’17 -
more
Sherritt
International Corp says more than 60% of global nickel output underwater
despite recent price rally - Nickel prices have jumped almost 40 per cent
since bottoming out in January, yet most miners of the steelmaking metal
are still bleeding cash at a rapid rate. -
more
Question
mark hangs over nickel quotation - Global: Stainless steel scrap prices have
made significant gains since Recycling International's previous market report
in early June, with the 304 quality climbing from US$ 1030-1080 per tonne
to US$ 1070-1120 and the 316 grade advancing from US$ 1330-1380 to US$ 1410-1460.
-
more
BHP revives
Nickel West hope as it restarts Venus project - BHP Billiton has given the
broader Kalgoorlie region a boost by revealing that its Nickel West unit
is restarting development work at its 2012 Venus nickel discovery. -
more
Ni SUS Scrap
Purchase Price in Late July in Kanto Remains Flat = No movement in price
even though Ni price rises and yen becomes weak = In late July, multiple
stainless steel mills in the Kanto area offer the purchase price (delivered
at plant) of nickel-containing stainless steel scrap (SABOT) at JPY105,000
- JPY110,000 per ton, unchanged from the former half of July. (Hereinafter,
the price is per ton) -
more
Sumitomo
cuts 2016 Ambatovy nickel mine forecast to 42,000-45,000 T - Japanese trading
house Sumitomo Corp cut its nickel production estimate at the Ambatovy mine
in Madagascar to 42,000 to 45,000 tonnes, from an earlier estimate of 48,000
to 50,000 tonnes, due to some glitches, executives said on Monday. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
"A Guide To LME
Trading"...pdf here(all ton listings are metric
tons = 2204.622 pounds ) Updated Monday thru Thursday before 8 am CST -
DisclaimerOriginal content and opinions copyright
www.estainlesssteel.com. All prices shown on this page
are indications only. Note - For real time and official LME prices, LME requires
a user subscribe to an authorized LME vendor.
Daily
Nickel/Stainless Steel Briefing
(8:00 AM CST is 1PM in London)
. Indicators at
5:40 am CST today show 3 month nickel trading around $.01/lb
Reports
Commodity/Economic Comments
Boost for stainless and chrome scrap values - Global: Gains in the nickel
price have been reflected in stainless steel scrap values: over the course
of August, the 304 quality has climbed from US$ 1070-1120 per tonne to US$
1090-1140 while 316 material has advanced from US$ 1410-1460 to US$ 1450-1500.
-
Panoramic
suffers severe loss amid plummeting nickel price – Nickel-focused Panoramic
Resources’ 2016 financial year results have been severely impacted by
the falling nickel price, which reached a decade low in February, pushing
the company into an after-tax loss of A$144.4-million, against a loss of
A$28.8-million reported in the previous year. -
Morning Nickel
Price Statistics & Figures
. Indicators
at 5:30 am CST today show 3 month nickel trading around $.02/lb
4 Nickel Miners
Set to Soar On Philippines Crackdown - Drug pushers aren’t the only
victims in a crackdown by hardline Philippines president Rodrigo Duterte.
-
China Xinxin's
H1 nickel cathode output up 5%, copper cathode output down 72% - China's
Xinjiang Xinxin Mining Industry produced 6,006 mt of nickel cathode over
January-June, up 5.2% year on year, the company said last Friday. -
China
Bearing to buy Indonesia nickel ore mine through reverse takeover - China
Bearing, which became a cash company after disposing of its operating subsidiary
in December last year, is acquiring an Indonesian nickel ore mine via a reverse
takeover. -
Clive
Palmer forced to front nickel refinery hearings - Clive Palmer could be called
to give evidence under oath about the collapse of his North Queensland nickel
refinery on Monday. -
Courtesy AISI
- In the week ending August 27, 2016, domestic raw steel production was 1,642,000
net tons while the capability utilization rate was 70.2 percent. Production
was 1,726,000 net tons in the week ending August 27, 2016 while the capability
utilization then was 72.2 percent. The current week production represents
a 4.9 percent decrease from the same period in the previous year. Production
for the week ending August 27, 2016 is down 0.8 percent from the previous
week ending August 20, 2016 when production was 1,655,000 net tons and the
rate of capability utilization was 70.8 percent. -
Sherritt
International Corporation Interview of Flora Wood, Director, Investor Relations
and Communications - Sherritt International Corporation is a low cost nickel
producer using HPAL with assets that have mine lives of 20+ years, so 20
to 30 years. -
Russia’s
Norilsk Nickel dismantles old nickel plant early - Russian metals producer
Norilsk Nickel has stopped its oldest nickel facility in Norilsk two months
ahead of schedule, the company said in a statement on Friday. -
Philippines
could suspend more mines in environmental crackdown - The Philippines could
suspend more mines in a crackdown on environmental abuses that has halted
operations of 10 miners, a minister said on Wednesday, dismissing a claim
by mineral producers the review was a "demolition campaign" against them.
-
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.01/lb
Nickel
market swings into undersupply - After several years of surplus, the nickel
market moved to a deficit in the second quarter of this year and, with the
price of the commodity now above $10 000/t, a smaller portion of global nickel
producers are now cash negative, research and consultancy group Wood Mackenzie
nickel markets principal analyst Sean Mulshaw tells Mining Weekly. -
European
September stainless steel alloy surcharges move up again - Monthly alloy
surcharges on austenitic grades of stainless steel flat-rolled products in
Europe are up again for September, hitting their highest levels in over a
year, first mill announcements indicated Monday. -
July
2016 crude steel production - World crude steel production for the 66 countries
reporting to the World Steel Association (worldsteel) was 133.7 million tonnes
(Mt) in July 2016, 1.4% up on July 2015. -
Brazil key
area for nickel: CEO - Jeremy Martin, CEO at Horizonte Minerals, explains
the importance of nickel and the crucial role Brazil plays in the metal's
global supply. -
Colombia
gold, silver, nickel, coal output gain in second quarter - Colombian output
of gold, silver, nickel and coal all rose in the second quarter from a year
ago, while platinum production fell, the government said Friday. -
Kirkenes
strengthens tie with Murmansk - We agree that the massive nickel pollution
across the border must stop», local Mayor Rune Rafaelsen says after
his meeting with Murmansk Governor Marina Kovtun. -
Hindustan
Copper Limited inaugurated nickel production facility in Ghatsila - Hindustan
Copper Limited (HCL) on 10 August 2016 inaugurated the Nickel, Copper and
Acid Recovery Plant of Hindustan Copper Limited at Indian Copper Complex,
Ghatsila in Jharkhand. -
5 dead
in boiler explosion at nickel mine in Guatemala - " At least five people
were killed and several more injured by a boiler explosion at a nickel mine
processing plant in Guatemala. -
Zimbabwe:
BNC Nickel Sales Down 31 Percent - Bindura Nickel Corporation says sales
of nickel in concentrate plunged 31 percent during the first quarter of 2017,
as volumes, recoveries and head grade took major knocks. -
Thyssenkrupp
sees Brexit vote neutral for steel merger chances - Britain's vote to leave
the European Union does not change the likelihood of Thyssenkrupp and Tata
merging their steel operations, Thyssenkrupp's finance chief said. -
Import of
Stainless Steel Scrap in June 2016 - According to the import statistics prepared
by the Ministry of Finance, the import volume of stainless steel scrap in
June 2016 was 9,933 tons, up by 11.3% from the prior month. The import by
country is as shown in Table 1 and the same by discharge port in Table 2
respectively. -
Sherritt,
Sumitomo Defer Payments on Ambatovy Nickel Project - The owners of the Ambatovy
nickel mine in Madagascar said they had agreed to defer project financing
payments to lenders of $565 million as they wait for prices to improve. -
Horizonte
completes acquisition of Glencore project to create one of largest nickel
saprolite projects globally - Horizonte Minerals Plc, the nickel development
company focused in Brazil, is pleased to announce the transfer to a wholly-owned
subsidiary of the Company of the remaining two licences that make up the
Glencore Araguaia nickel project ('GAP') in north central Brazil. -
