This
page is archived news covering the period of December 2012
If you are looking for current daily market news, please visit
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Free comprehensive information on worldwide nickel market pricing, stainless steel
prices and metals analysis and forecasts
Monday, December 31
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Friday's trading session at
$7.97/lb
. Indicators
at 6:40 am CST today show 3 month nickel trading around $.01/lb
lower, with other
London traded base metals trading mostly quietly higher. Stockpiles of nickel
stored in LME approved warehouses rose on Friday and now total just over
the 139,900 tonne level. Activity is quiet today, with a positive HSBC China
manufacturing Purchasing Managers' Index rising to 51.5 from 50.5 last month,
offset by a ride over the US fiscal cliff looking inevitable. While Asian
and European markets are lower on these concerns, US traders, at least for
the moment, appear to be betting the US congress isn't crazy enough to let
the country take the ride and will at the very least, vote in some temporary
stop gap measure. We are skeptical. The London Metal Exchange is operating
under shortened hours today and will be closed for the New Year tomorrow.
We hope to see you back here next year. Our best wishes to you and yours
for the upcoming year, and may 2013 bring you each health and happiness.
(China) Steelmaker bets big on diversification -
more
Cuba closes
oldest nickel processing plant - Cuba has closed the oldest of three nickel
plants in the country, a local Communist Party leader said, a looming event
that had become the talk of the mountain town of Nicaro, in eastern Holguin,
where it is located. -
more
Mining
expected to rebound in 2013 - The mining sector is expected to rebound in
2013 from a slump brought about by policy uncertainty in 2012. -
more
Stainless steel
isn't stainless after all - When Donald Mele and his wife decided to replace
their kitchen appliances last year, they chose Kenmore stainless-steel appliances
from Sears because they thought they would last longer. -
more
Morning Nickel
Inventory and 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 reports and information
free of charge.Contact
us
Friday, December 28
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Thursday's trading session at
$7.97/lb
. Indicators
at 6:30 am CST today show 3 month nickel trading around $.02/lb
higher, with other
London traded base metals mixed and quiet - much like yesterday. Stockpiles
of nickel stored in LME approved warehouses rose on Thursday and now total
just over the 139,050 tonne level. Metals trading is quiet today and has
been throughout the holiday season. Traders appear to be betting they will
get some good news from China early next week, with the release of the Chinese
PMI. We aren't as enthusiastic about what this report may reveal, in light
of the rebound and collapse we have been monitoring in stainless steel prices
in that country. The US appears to be heading over the fiscal cliff, which
has US markets futures lower at the moment. And while such a ride if it is
to be taken will rattle the markets, and further reflect the reason why the
US public is losing faith in both political parties ability to lead, its
negative effects will be more long term than immediate.
(SO) According to statistics released by Japan's Ministry of Finance, Japan's
nickel ore imports totaled 437,100 metric tons in November this year, rising
by 0.5 percent month on month and up 30.7 percent compared to November 2011.
(PR) ThyssenKrupp today completed the combination of its stainless steel
business Inoxum with the Finnish company Outokumpu. With today's closing
of the deal ThyssenKrupp will receive one billion euros in cash from Outokumpu
for Inoxum. In addition Outokumpu will assume external debt of Inoxum in
the amount of around 133 million euros. This will lead directly to a significant
reduction in ThyssenKrupp's net financial debt. Outokumpu will also assume
pension liabilities of around 338 million euros. ThyssenKrupp will additionally
receive a loan note from Outokumpu with a current value of around 1.25 billion
euros and a 29.9 percent stake in the new company.
Nickel needs
project failures - Nickel is on track to end 2012 as the worst performing
base metal -- and 2013 doesn't look much better. In fact, the only hope for
existing nickel producers is that some of the emerging operations strike
technical problems in their commissioning processes -- of which there is
a reasonable prospect. -
more
Vale Is Staring
At A Q4 Loss On Impairments And Additional Tax Charges - Vale seems all but
certain to report a loss in the fourth quarter of the ongoing financial year.
The company has suffered two major setbacks in the last few days. -
more
'Star of Bethlehem'
lights up steel mill one final time - The five-pointed star, made of stainless
steel and dozens of heavy-duty light bulbs, looks deceptively simple. Its
symbolism is anything but. -
more
Morning Nickel
Inventory and 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 reports and information
free of charge.Contact
us
Thursday, December 27
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Monday's trading session at
$7.96/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.02/lb
higher, with other
London traded base metals trading mixed and mostly quiet. Stockpiles of nickel
stored in LME approved warehouses fell slightly on Monday and now total just
over the 138,700 tonne level. US fiscal cliff talks are set to resume today
in Washington with the leader of the House reportedly telling his colleagues
in the US Senate that its up to them. Until their is a decision one way or
the other in these talks, markets will remain pessimistic. Base metals seem
to be shadowing the Euro at the moment. It si interesting to note that our
daily China SS index hit a new low for the year today, falling below pricing
seen in late October.
Iron Ore Rallying Most Since ’10 as China Rebounds: Commodities -
more
China's avg
daily crude steel output dips in mid-Dec - CISA - China's average daily crude
steel output over Dec. 11-20 fell 1.75 percent from the preceding ten days,
industry data showed on Thursday, as mills trimmed output amid slower winter
sales. -
more
Mechel To
Halt Production At Southern Urals Nickel Plant = Based the management decision
made in May; due to the depressed global nickel market = Mechel, one of the
leading Russian companies of steel and resources, reported on December 19
that it decided to halt production at Southern Urals Nickel Plant OAO, and
to prepare the plant's equipment for a long-term shutdown. -
more
Morning Nickel
Inventory and 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 reports and information
free of charge.Contact
us
Wednesday, December 26
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Monday's trading session at
$7.96/lb
. Indicators
at 7:00 am CST today show 3 month nickel not trading as the London Metal
Exchange is not trading today, closed for Boxer Day. Stockpiles of nickel
store in LME approved warehouses fell last Friday and started the week just
over the 138,700 tonne level. Markets were open o Monday but activity was
muted. The London Metal Exchange was closed yesterday for Christmas and remains
closed today for Boxer Day. US markets re-open and attention remains on US
fiscal cliff talks. President Obama returns to DC from vacation tomorrow
to resume talks. After falling on Monday, Dow futures are higher this morning.
(Dow Jones - Vale) The latest impairment charges were related to the company's
troubled Onca Puma nickel mine in Brazil, which was shuttered in June because
of furnace troubles. Vale will rebuild one of the furnaces at a cost of $188
million, with production expected to start in the fourth quarter of 2013.
(MF) Japan exported 66,952 tons of stainless steel flat products in October,
rising by 9.4% from a month ago and up by 1.6% year on year, according to
statistics released by Japan's Ministry of Finance.
(Xinhua) China nonferrous metals prices fall 0.5pct on week in Dec. 17-23,
MOC
China fulfills outdated production elimination target for 2011 -
more
China consumers driving economic rebound: survey -
more
Charge Chrome
Q1-2013 Benchmark For Europe Rises US$0.025/lb = To US$1.125/lb Cr, up 2.3%
from Q4-2012 = Merafe Resources, South Africa, the partner with Xstrata in
Xstrata-Merafe Chrome Venture, announced on December 19 that the benchmark
price for the South African charge chrome shipped to Europe during the Q1
(January - March) of 2013 was settled at US$1.125/lb Cr, up US$0.025/lb Cr
or 2.3% from the preceding quarter. -
more
Mild Recovery
in Stainless Steel Prices Forecast For 2013 - MEPS - It's that time of the
year when participants in the stainless steel supply chain try to predict
how the market will perform in the coming twelve months. -
more
Strong fundamentals
to push base metals up in 2013 - Base metals are likely to remain bullish
in 2013 on better economic prospects in major consuming nations. -
more
China To Levy
On FeMo/FeW/FeTi Imports From Next Year = MIIT announced new import taxes
effective January 1, 2013 = Ministry of Finance of China announced on December
17 new tax rates applicable to the imports effective January 1, 2013. Import
taxes will be newly levied on ferromolybdenum, ferrotungsten, ferrotitanium
and silicotitanium, while no change has been announced with regard to the
import taxes on ferrochrome (both high-carbon and low-carbon), ferronickel
and ferroniobium. -
more
India is most
competitive in stainless steel long products - Outokumpu is an international
stainless steel company based in Finland. -
more
Morning Nickel
Inventory and 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 reports and information
free of charge.Contact
us
Friday, December 21
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Thursday's trading session at
$7.97/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.03/lb
lower, with other
London traded base metals trading mixed and quietly. Stockpiles of nickel
stored in LME licensed warehouses rose on Thursday and now total just under
139,100 tonnes. European markets are lower this morning, and US futures are
way off, after a Republican political stunt fell short last night, and further
hurt the chances for a successful outcome to fiscal cliff aversion talks.
Metals are holding up fairly well considering the Euro is lower as well.
The London Metal Exchange shows as being opened next Monday and then closed
Tuesday for Christmas and Wednesday for Boxing Day. We expect little trading
to actually take place Monday so our next update will be next Wednesday.
Merry Christmas and Happy Holidays to our readers!!
Tropical Pacific neutral for remainder of summer -
more
Fiscal cliff setback rattles global shares, euro -
more
ISSF
- Quarter 3 stainless steel production surprisingly strong: new all-time-high
- Preliminary figures released by the International Stainless Steel Forum
(ISSF) show that worldwide stainless steel crude steel production has increased
after the first nine months of 2012 by 2.9% compared to the same period of
2011. -
more
Stainless
output up - Preliminary figures released by the International Stainless Steel
Forum (ISSF) show that worldwide stainless steel crude steel production has
increased after the first nine months of 2012 by 2.9% compared to the same
period of 2011. -
more
November Shipments
Down from Last Year - The slowdown in shipments from 2011 levels that has
characterized the second half of 2012, resumed in November after a brief
pick-up in October. Inventory to sales ratios deteriorated slightly across
the board. -
more
Tiberius Forecasts
Gains in Commodities Indexes Next Year - Tiberius Asset Management AG forecast
commodities will advance next year, with tin and palladium its top picks
for metals and cocoa outperforming. -
more
Vale to write
down nickel, aluminum assets by $4.2 bln - Brazil's Vale SA , the world's
No. 2 mining company, has decided to take a $4.2 billion write-down on its
nickel and aluminum assets, the company said, increasing its fourth-quarter
write-downs to $4.65 billion. -
more
Vale to Book $4.2 Billion Charge for Nickel and Aluminum Assets - Vale SA
(VALE3), the world’s largest iron- ore producer, said it will book a
$4.2 billion fourth-quarter charge after lowering the valuation of a nickel
mine and its stake in aluminum producer Norsk Hydro ASA. -
more
Morning Nickel
Inventory and 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 reports and information
free of charge.Contact
us
Thursday, December 20
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Wednesday's trading session at
$8.05/lb. Indicators at 7:00 am CST
today show 3 month nickel trading around $.08/lb
lower, with all London
traded base metals trading lower this morning. Stockpiles of nickel stored
in LME approved warehouses fell on Wednesday and now total just under the
1378,375 tonne level. Nickel has seen little movement over the last week,
and month for that matters. It remains stalled at the $8/lb range. Fiscal
cliff talks remain the focus of traders attention, and sabre rattling on
the part of some keep the outcome in question.
(Dow Jones) The global nickel market was in a surplus of 81,000 metric tons
in January to October, the World Bureau of Metal Statistics said Wednesday.
This compares to a 3,100 ton deficit over the whole of 2011. Mine production
during January to October was 1.626 million tons, 156,000 tons above the
comparable 2011 total.
(ENP) Vladimir Potanin has been elected General Director of MMC Norilsk Nickel
Local 598
starts talks with Xstrata - Mine Mill Local 598/CAW began negotiating a new
contract with Xstrata Nickel on behalf of its 900 members who work for the
company Dec. 14. -
more
Japan opens
WTO dispute against China over stainless steel tax - On Thursday, Japan filed
a request with the World Trade Organization (WTO) to compel China to be open
to bilateral negotiations about the country’s imposed anti-dumping tax
on Japanese high-quality seamless steel pipes. -
more
Miner
to invest $100m in nickel plant - Nickel and gold miner MRL Gold Philippines
Inc. will invest $100 million in a nickel processing plant in Agata, Surigao
del Norte in 2014. -
more
China's Nickel
Production Up - November 2012 = 23,017 tons, up 2.8% from October, down 14.5%
from November 2011 = According to National Bureau of Statistics of China,
production of nickel in China during November 2012 was 23,016.5 tons (of
nickel content), up 2.8% from 22,389.0 tons in the preceding month, down
14.5% from 26,924.6 tons recorded in November 2011. -
more
Spain's Acerinox
sees loss, delays dividend - Spanish stainless steel maker Acerinox predicted
a full-year loss and said it was cutting costs and delaying dividends as
its battles a faltering global economy. -
more
Russia's
Klondike? Not yet - It looks like any one of remote eastern Siberia's low-lying,
peat-coloured hills: only the thin trenches that scar Sukhoi Log hint at
the work of generations of geologists to measure the riches beneath. -
more
Courtesy AISI
- In the week ending December 15, 2012, domestic raw steel production was
1,827,000 net tons while the capability utilization rate was 73.9 percent.
Production was 1,863,000 tons in the week ending December 15, 2011, while
the capability utilization then was 75.2 percent. The current week production
represents a 1.9 percent decrease from the same period in the previous year.
Production for the week ending December 15, 2012 is up 1.4 percent from the
previous week ending December 8, 2012 when production was 1,802,000 tons
and the rate of capability utilization was 72.9 percent.
Morning Nickel
Inventory and 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 reports and information
free of charge.Contact
us
Friday, December 14
We
will be traveling Monday the 17th thru Wednesday, the 19th, and will not
have the ability to update this site. Our next update will be Thursday, December
20th.
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Thursday's trading session at
$8.03/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.07/lb
higher, with most other
London traded base metals trading higher as well. Stockpiles of nickel fell
slightly on Thursday and now total just under 130,200 tonnes. Commodity markets
are trading mostly higher this morning on news that HSBC’s China
manufacturing Purchasing Managers’ Index for December rose to 50.9.
We have seen a reading that high in over a year. European equity markets
are mixed on a poor German PMI reading. Barclays cuts its 2013 nickel forecast
price from just a week ago of $8.39/lb to $8.05/lb. This month, nickel continues
to hug the $8/lb range with nothing expected to change that dramatically
in the near term.
(Interfax) The nickel market is improving as China’s economy gathers
momentum and analysts predict prices will rise as high as $20,000 per ton
in the mid-term. But a slower pace of recovery in the downstream stainless
steel industry is expected to limit gains.
(CBN) China's nickel output rises 5.2% in Jan-Nov
Bonus Cuts as Jobs Decline for Oil-to-Metal Traders: Commodities -
more
Commodities Rise Amid Signs of Chinese Economic Recovery -
more
(China) Growth forecast to exceed 7% in 2013 -
more
Barclays Lowers
2013 Price Forecast for Copper, Nickel - Barclays PLC (BCS) Friday trimmed
its 2013 price forecast for both copper and nickel, citing weakening underlying
supply-and-demand dynamics in both markets. -
more
Andhra’s
power shortage takes toll on steelmakers - About 15 ferro alloy and secondary
steelmakers are thinking of stopping production or cutting down operations
due to increased power bills in the back of fuel surcharge adjustment charges
by the power utility in Andhra Pradesh. -
more
Minnesota landowners
fear mining invasion - Mike Picek has always intended to pass along his hunting
land and log cabin in the woods of northern Minnesota to his children and
grandchildren - a plan now in jeopardy due to mining interests. -
more
Norilsk Nickel
To Pay $100 Million To Outgoing CEO -Report - Russian mining giant OAO Norilsk
Nickel will pay $100 million to its outgoing Chief Executive Vladimir
Strzhalkovsky, Vedomosti reports Friday, citing two sources close to
shareholders. -
more
Morning Nickel
Inventory and 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 reports and information
free of charge.Contact
us
Thursday, December 13
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Wednesday's trading session at
$8.07/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.10/lb
lower, with other
London traded base metals trading lower as well. Stockpiles of nickel stored
in LME approved warehouses slipped slightly on Wednesday and now total just
under the 137,600 tonne level. European markets are lower as traders prepare
for a two day European summit, and eyes follow the so called fiscal
cliff talks in the US. US market futures are quiet as traders prepare for
the release of numerous reports. Yesterday's actions by the Fed were pretty
much expected, and the Dow ended the day down 3 points after an initial knee
jerk reaction higher, expired quickly. Nickel is lower today but remains
in the $8/lb range as it has been all month.
Yusco sees
global stainless steel market to recover next year - Mr. I-Shou Lin, the
president of Yieh United Steel Corp. (Yusco), the largest stainless steel
manufacturer in Taiwan said that the global stainless steel market might
recover gradually next year after staying weak for a long. -
more
ThyssenKrupp
Stainless Opens Melt Shop in Alabama - ThyssenKrupp Stainless USA launched
the final production line at its Calvert, Ala., facility. The melt shop is
the last in a series of stainless steel manufacturing processes the company
has brought online over the past three years to serve its customers in the
North American market. -
more
Zimbabwe:
BNC Needs U.S$20 Million Fresh Capital - Bindura Nickel Corporation says
it will require fresh capital injection of US$20 million in its second year
after resuming operations. -
more
Morning Nickel
Inventory and 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 reports and information
free of charge.Contact
us
Wednesday, December 12
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Tuesday's trading session at
$8.02/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.02/lb
higher, with all London
traded base metals currently trading higher, albeit quietly. Stockpiles of
nickel stored in LME approved warehouses rose on Tuesday and now total just
over 137,600 tonnes. European markets are trading higher, with US futures
also higher, on hopes that the US Fed will announce further measures to stimulate
the US economy later today. Nickel is hovering around the $8/lb level, where
it has spent the first third of December.
(Dow Jones) U.S. nickel exports rose 31.1% in October from the previous month,
and was up 12.5% from the previous year, the Commerce Department reported
Tuesday.
(Dow Jones) U.S. nickel imports fell 15.8% in October from last month, and
was down 26.6% from the previous year, the Commerce Department reported Tuesday.
Posco not
interested in Italian ThyssenKrupp plant - Steelmaker POSCO has denied it
is interested in buying the ThyssenKrupp stainless steel plant in Terni,
Italy, rejecting market speculation that the South Korean producer could
buy the plant to increase its presence in Europe. -
more
China’s mining occupation of the Philippines - While China’s
brazen occupation of the Philippines’ Scarborough Shoal, located just
125 nautical miles from Masinloc, Zambales, has captured all the national
and international attention, little has been mentioned about China’s
occupation of the Philippine mining industry, an entirely different issue
from the Filipino Chinese (“Chinoys”) domination of the Philippine
economy. -
more
Landowner
reminds Government on Ramu mine - Basamuk Refinery landowner Lima Mulung
has reminded the PNG Government that it must honour its commitments to landowners
if it wants landholders to work with Government and investors. -
more
First Quantum
approves $840m Zambia expansion projects - The board of Toronto-listed First
Quantum has approved $840-million worth of expansion projects in Zambia,
where it owns the Kansanshi copper/gold mine and Trident project. -
more
Oligarchs,
not investors, to get Abramovich Norilsk windfall - Roman Abramovich, the
Kremlin's enforcer on a peace deal at Norilsk Nickel, will pay cash straight
to the Arctic giant's two main oligarch owners for a stake in the company,
depriving other investors of the windfall from an end to a billionaires'
feud.
- more
Morning Nickel
Inventory and 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 reports and information
free of charge.Contact
us
Tuesday, December 11
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Monday's trading session at
$8.06/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.03/lb
lower, with other
London traded base metals trading mostly lower. Stockpiles of nickel stored
in LME approved warehouses fell again on Monday and now total just over the
137,450 tonne level. News is quiet today, as markets reverse yesterday's
news. European equities are rebounding as German investor confidence rises,
US futures are higher on stimulation hopes, while commodities retreat from
yesterday's big jump on demand concerns. The Federal Reserve Open Market
Committee begins a two day meeting today and some are betting on more economic
stimulation.
(MB) Metal Bulletin Research’s current forecast for nickel in 2013 is
for cash prices to average $19,750 per tonne. By comparison, Metal
Bulletin’s Apex analysis of analysts price predictions suggested an
average closer to $19,000 per tonne for next year, and about $20,500 per
tonne in 2014.
(SSY) According to latest preliminary customs statistics, Chinese iron ore
imports of 65.8 Mt in November were up 9.4 Mt on October, representing the
highest monthly level over the past 22 months and just 3.2 Mt below the all-time
high in January 2011.
Norilsk Slumps Most in Month on Dividend Concerns: Moscow Mover -
more
December Report: Small-Business Owner Confidence Plunges More than Five Points
-
more
Prices Of
Austenitic CR Stainless Sheets In Asia To Move On To $2,750 CFR - Prices
of austenitic cold-rolled (CR) stainless steel sheets begin to be accepted
at $2,700 CFR in the Asian region, and are about to move on to $2,750 CFR.
-
more
ThyssenKrupp
CEO pledges new era at troubled steelmaker - ThyssenKrupp Chief Executive
Heinrich Hiesinger vowed to fix problems at Germany's biggest steelmaker
after a disastrous overseas foray and corruption allegations led him to axe
half his management board. -
more
Abramovich
to Pay $1.49 Billion for Norilsk Stake - A deal to end a four-year shareholder
dispute at the world's largest nickel and palladium producer, Norilsk Nickel,
was completed on Tuesday when Russian tycoon Roman Abramovich agreed to buy
a $1.49 billion stake in the firm, cementing a truce between the company's
squabbling billionaire partners. -
more
Norilsk Nickel: From Gulag to Boardroom Battle - The Economist Intelligence
Unit, or EIU, has just issued a report on doing business in Russia. Titled
"Nothing Ventured, Nothing Gained: Changing International Perceptions of
Russian Business," it is based on a survey of 195 senior executives from
outside Russia, with particular focus on those who have been or are considering
signing joint ventures with Russian corporations. -
more
Finland
: MINING giant is preparing to raise its production - To support its mining
industry, Finland has precise geological databases, world-class infrastructure,
progressive mining laws and readily available exploration services. -
more
Ramu Nickel
project faces challenges - Despite the commissioning of the Ramu Nickel project
there are still some challenges that will need to be addressed by authorities
to ensure the operations continue. -
more
Nickel
Institute Announces Retirement of Peter Cutler - After 20 years of service
to the nickel industry, Dr Peter Cutler, the Nickel Institute’s Director
of Promotion and Market Development is retiring on 31 December 2012. -
more
Courtesy AISI
- In the week ending December 8, 2012, domestic raw steel production was
1,802,000 net tons while the capability utilization rate was 72.9 percent.
Production was 1,863,000 tons in the week ending December 8, 2011, while
the capability utilization then was 75.2 percent. The current week production
represents a 3.3 percent decrease from the same period in the previous year.
Production for the week ending December 8, 2012 is down 0.9 percent from
the previous week ending December 1, 2012 when production was 1,818,000 tons
and the rate of capability utilization was 73.6 percent.
Morning Nickel
Inventory and 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 reports and information
free of charge.Contact
us
Monday, December 10
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Friday's trading session at
$7.81/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.11/lb
higher, with all London
traded base metals trading higher as well. Stockpiles of nickel stored in
LME approved warehouses fell on Friday and now total just over the 138,000
tonne level. European markets are trading lower after Italian Prime Minister
Mario Monti announced plan to resign. Base metals are trading higher on data
that shows factory output in China rose, although exports and imports figures
came in lower than expected. US market futures are lower, apparently showing
traders are wondering if the Monti resignation will put the European debt
crisis back in the news. No agreement yet amongst Republicans and Democrats
over the US fiscal cliff talks.
Speculators Cut Bullish Bets on Fiscal Cliff Talks: Commodities -
more
China's Nov exports up 2.9%, imports unchanged -
more
LME Nickel
Price Rise Continues Reaching US$8/lb = The highest since the first half
of October this year, while some decelerating factors for the price looming
up = LME nickel 3 months price hit US$17,660/ton (US$8.010/lb) accompanying
its spot price hitting US$17,600/ton (US$7.983/lb), the highest since October
11 this year. -
more
Stainless
steel imports maintain position - According to SpetsStal's estimate, the
share of imports in the aggregate consumption of stainless steel in Russia
from Jan till Sep 2012 amounted to 64.8%. It is worth reminding that in the
equal period of 2011 it equated to 64.7%. -
more
Will the
real Norilsk owner please stand up?: Andy Home - "Nothing ventured, nothing
gained: Changing international perceptions of Russian business" is based
on a survey of 195 senior executives from outside Russia, with particular
focus on those who have been or are considering joint venturing with Russian
corporate's. -
more
A
tough year for the top ten miners - For listed mining companies everywhere,
this year has been all about stock prices facing headwinds, along with relentless
pressure on CEOs. -
more
Morning Nickel
Inventory and 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 reports and information
free of charge.Contact
us
Friday, December 7
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Thursday's trading session at
$7.79/lb
. Indicators
at 6:45 am CST today show 3 month nickel trading around $.05/lb
lower, with al London
traded base metals trading lower. Stockpiles of nickel stored in LME
approved warehouses fell on Wednesday and now total just over the 138,550
tonne level. Metals were hit yesterday and continue to suffer today after
the European Central Bank cut its euro-zone growth forecast for 2013 from
slight growth to a contraction. Germany, the engine to the Eurozone, also
cut its 2013 outlook to a crawl, 0.5% annual growth. This news hit the Euro,
which in turn hit commodity traders. Today, traders are awaiting the employment
numbers for November. Our Chinese Stainless Steel Index shows a solid week
of rising prices in that country, the first time we have seen that in many
moons. This is being caused by the higher cost of nickel and we are seeing
little evidence of increased demand.
(Dow Jones) Russia's copper, nickel and aluminum exports increased considerably
in the first 10 months of 2012......... Russia exported 183,500 tons of nickel,
a rise of 34.6% on the year, worth $3.123 billion. ...practically all the
nickel was exported to countries outside the Commonwealth of Independent
States.
(MF) According to statistics, Japan exported 12,751 tons of crude stainless
steel in October, jumping substantially from 6,565 tons in September.
Japan: SUS
Product Exports Increase Continues - October 2012 = Up 2% from September;
exports to Korea/Taiwan and China rose = Japan Iron and Steel Federation
compiled the Trade Statistics released from the Ministry of Finance into
the table as attached hereto with regard to Japan's exports of stainless
steel products during October 2012.
- more
Boom
skips mining - The stock market boom appears to have skipped a large number
of mining issues although there are a few cases of unusually sharp increases.
-
more
Oligarchs’
peace deal sends Norilsk shares up 10% - Norilsk Nickel shares hit a 4 month
high after the billionaire owners Potanin and Deripaska reached agreement
in their $1.4bn dispute. Experts assess the risk of Abramovich participation.
-
more
Minn. defers
action on mineral rights leases - Top state officials Thursday declined to
approve the sale of leases to explore for minerals in northeastern Minnesota,
pending the results of a court case. -
more
Palmer
says WA registration move sensible - Suggestions Clive Palmer has transferred
the registered address of his companies to Western Australia because of
dissatisfaction with the Queensland government are overstated, the mining
tycoon says. -
more
Morning Nickel
Inventory and 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 reports and information
free of charge.Contact
us
Thursday, December 6
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Wednesday's trading session at
$7.91/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.03/lb
lower, with other
London traded base metals trading mixed and quiet. Stockpiles of nickel stored
in LME approved warehouses rose on Wednesday and now total just over the
138,650 tonne level. Markets are quiet today, awaiting news on the US fiscal
cliff negotiations and possibly a jobs report tomorrow to give it some direction.
(GT) The purchase management index (PMI) for China's steel distribution sector
dropped 5.1 percentage points month-on-month to 45.2 percent in November,
which indicates that steel prices may decline further in the future, data
from Beijing Lange Steel Information Research Center showed Wednesday.
Chinese steel price likely to fall: observer -
more
Morgan Stanley Backs Gold, Corn, Beans as Best Picks in 2013 -
more
The Top 10 Metals Stocks Loved By The Hedge Fund Industry -
more
(China) GDP growth for next year 'to beat 2012' -
more
Mining
giant plans to increase production - Finland has accurate geological databases,
world-class infrastructure, progressive mining laws and readily available
exploration services to support its mining industry. -
more
Top steel
manufacturer stresses sustainability - Stainless steel is the fastest-growing
metal market in the world. -
more
Ramu NiCo
loads first shipment - The K1.7 billion Ramu nickel cobalt project in
Usino-Bundi, Madang, will load its first ore for shipment to China today.-
more
Even more minerals
reported at Twin Metals mine site - Already expected to be the largest
underground mine in Minnesota history and one of the largest untapped
copper-nickel deposits in the world, Twin Metals officials on Tuesday announced
that the wealth of valuable minerals at their proposed mine near Ely is even
bigger than previously stated. -
more
(Customs
Statistics) Japan's Imports Of Rare-Metals In October 2012 -
more
Morning Nickel
Inventory and 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 reports and information
free of charge.Contact
us
Wednesday, December 5
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Tuesday's trading session at
$7.94/lb. Indicators at 6:55 am CST today show 3 month
nickel trading around $.02/lb
higher, with other
London traded base metals trading mostly higher. Stockpiles of nickel stored
in LME warehouses fell only slightly on Tuesday and still total over the
138,350 tonne level. Asian markets traded higher last night on news the new
Chinese leadership will continue strong support for economic growth in that
country. European markets are and US markets appear to be playing follow
the leader. Chinese operated Ramu Nickel Mine in Papau New Guinea has its
official grand opening tomorrow. It's not reported whether the drought that
threatens to shut down OK's Tedi Mine ni that country, will have any immediate
effect on Ramu's operations. Typhoon Bopha has become a killer in the
Philippines, with many victims expected.
Video: Catherine Virga Says Base Metals Prices May Rise In 2013 -
more
(MF) Nippon Steel & Sumikin Stainless (NSSC), the largest stainless steel
producer in Japan announced to leave its domestic prices for stainless cold
rolled coils (CRC) and plates unchanged for December contracts.
(MF) According to statistics, Japan exported 103,336 tons of stainless steel
in October, rising by 2.1% from a month ago.
Rick Mills' Secret To Making Money Off China's Stealth Metal Demand -
more
PNG's Ok Tedi mine nears shutdown due to drought -
more
China shares have best day in 3 mths, Hong Kong hits highest since Aug 2011
-
more
(China) 'Economy stabilizing, but facing challenges' -
more
Ramu Nickel
set for opening - A large contingent of dignitaries, including the Prime
Minister Peter O’Neill are expected to converge at the Ramu Nickel project
refinery site at Basamuk on Thursday for project commissioning. -
more
MVP
says new mining tax system to deter investments - The government’s plan
to revise the taxation system for mining companies will only serve to discourage
investments, Manuel V. Pangilinan, chairman of Philex Mining Corp. said.
-
more
PNG's nickel
mine a 'step forward' for diversification - Growing diversity in Papua New
Guinea's mining sector will bring more skills and expertise to the country,
PNG's peak mining body says. -
more
(Customs
Statistics) Japan's Imports Of Ferro Alloys In October 2012 -
more
Morning Nickel
Inventory and 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 reports and information
free of charge.Contact
us
Tuesday, December 4
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Monday's trading session at
$7.94/lb
. Indicators
at 6:55 am CST today show 3 month nickel trading around $.02/lb
lower, with all other
London traded base metals trading lower as well. Stockpiles of nickel jumped
sharply on Monday and now total just over 138,350 tonne level. World markets
were taken back yesterday with the surprisingly weak US PMI reading and "fiscal
cliff" talks do not appear to be going well either. With that Asian markets
ended lower over night, European markets are trading slightly higher at the
moment, and US futures are slightly higher, after yesterday's down day. German
chancellor Angela Merkel warned her party this morning "I could take it easy
and say the euro is saved. But I am very cautious about saying the worst
of the crisis is over." There are probably people in Russia saying something
similar about today's announcement that the struggle for control of Norilsk
Nickel is over.
North American
Stainless will maintain the fuel surcharge at 35% for stainless flat and
long products shipping in the month of December 2012. The surcharge rate
is considered a maximum level for December and will be reviewed monthly.
-
source
China Nickel
Imports/Exports - October 2012 = Exports and imports of unwrought nickel
both up from September = According to China's Customs Statistics, imports
and exports of nickel-bearing materials including ores during October 2012
as well as during the first ten months of 2012 were as per the attached table
hereto (all the figures in the table are the weight of the material) -
more
Abramovich
to Buy Norilsk Stake as Billionaire Owners Seek Truce - Russian billionaire
Roman Abramovich agreed to buy 7.3 percent of OAO GMK Norilsk Nickel as the
two biggest owners of the world’s top supplier of the metal seek to
end a four-year feud over control of the company. -
more
Norilsk billionaires end feud with Abramovich as enforcer - Two Russian
billionaires ended a four-year battle over the world's biggest nickel and
palladium mine on Tuesday by giving the biggest voting stake in their $30
billion company to Kremlin-favoured tycoon Roman Abramovich. -
more
Norilsk Nickel: Abramovich steps in to keep the peace – but for how
long? -
more
Last week
we linked to the online magazine article - here is the article now posted
online
Journey into the earth at a Norilsk Nickel mine - A Russia Now correspondent
visits a Norilsk Nickel mine beyond the Arctic Circle for a taste of life
in the tunnels nearly a mile below ground. -
more
Courtesy AISI
- In the week ending December 1, 2012, domestic raw steel production was
1,818,000 net tons while the capability utilization rate was 73.6 percent.
Production was 1,816,000 tons in the week ending December 1, 2011, while
the capability utilization then was 73.3 percent. The current week production
represents a 0.1 percent increase from the same period in the previous year.
Production for the week ending December 1, 2012 is up 3.1 percent from the
previous week ending November 24, 2012 when production was 1,764,000 tons
and the rate of capability utilization was 71.4 percent.
Morning Nickel
Inventory and 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 reports and information
free of charge.Contact
us
Monday, December 3
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Friday's trading session at
$8.01/lb. Indicators at
7:00 am CST today show 3 month nickel trading around $.01/lb
higher, with other
London traded base metals trading mixed and quiet. Stockpiles of nickel stored
in LME approved warehouses fell on Friday and now totals just over 136,150
tonnes. Equity markets are trading higher this morning on a rise in the Eurozone
and Chinese PMI manufacturing indexes. Nickel is taking a break after punching
thru and closing above resistance. A close above $7.77/lb today, which is
very likely, and we could get a technical signal that nickel will spend some
time in the $8/lb range.
Lower
Stainless Steel Prices Likely To Prompt Higher Demand - MEPS - Despite prices
and inventory levels being low, stainless steel buyers have remained cautious
in recent weeks. -
more
Norilsk Owners
Said to Head Into $1 Billion Arbitration - Russian billionaire Vladimir Potanin
and Oleg Deripaska’s United Co. Rusal are heading toward a more than
$1 billion arbitration case as they battle over rights at OAO GMK Norilsk
Nickel, according to four people with knowledge of talks. -
more
Japan
Ferromolybdenum Supply/Demand - 9 Months 2012 = Imports cut to reduce end-2011
high-level inventory = Japan's production, consumption, imports and inventory
of ferromolybdenum during the first nine months (January - September) of
2012 were as per the table attached hereto. Figures are the quantities of
the material. -
more
Finland
minister seeks mining 'openness' - Finland's international development
minister this week called for "openness and accountability" from the mining
industry as protesters disrupted a conference. -
more
Morning Nickel
Inventory and 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 reports and information
free of charge.Contact
us
"A Guide To LME
Trading"...pdf here(all ton listings are metric
tons = 2204.622 pounds ) Updated daily before 8 am CST weekdays -
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 6:40 am CST today show 3 month nickel trading around $.01/lb
lower, with other
London traded base metals trading mostly quietly higher. Stockpiles of nickel
stored in LME approved warehouses rose on Friday and now total just over
the 139,900 tonne level. Activity is quiet today, with a positive HSBC China
manufacturing Purchasing Managers' Index rising to 51.5 from 50.5 last month,
offset by a ride over the US fiscal cliff looking inevitable. While Asian
and European markets are lower on these concerns, US traders, at least for
the moment, appear to be betting the US congress isn't crazy enough to let
the country take the ride and will at the very least, vote in some temporary
stop gap measure. We are skeptical. The London Metal Exchange is operating
under shortened hours today and will be closed for the New Year tomorrow.
We hope to see you back here next year. Our best wishes to you and yours
for the upcoming year, and may 2013 bring you each health and happiness.
Reports
Commodity/Economic Comments
Cuba closes
oldest nickel processing plant - Cuba has closed the oldest of three nickel
plants in the country, a local Communist Party leader said, a looming event
that had become the talk of the mountain town of Nicaro, in eastern Holguin,
where it is located. -
Mining
expected to rebound in 2013 - The mining sector is expected to rebound in
2013 from a slump brought about by policy uncertainty in 2012. -
Stainless steel
isn't stainless after all - When Donald Mele and his wife decided to replace
their kitchen appliances last year, they chose Kenmore stainless-steel appliances
from Sears because they thought they would last longer. -
Morning Nickel
Inventory and Price Statistics & Figures
. Indicators
at 6:30 am CST today show 3 month nickel trading around $.02/lb
Nickel needs
project failures - Nickel is on track to end 2012 as the worst performing
base metal -- and 2013 doesn't look much better. In fact, the only hope for
existing nickel producers is that some of the emerging operations strike
technical problems in their commissioning processes -- of which there is
a reasonable prospect. -
Vale Is Staring
At A Q4 Loss On Impairments And Additional Tax Charges - Vale seems all but
certain to report a loss in the fourth quarter of the ongoing financial year.
The company has suffered two major setbacks in the last few days. -
China's avg
daily crude steel output dips in mid-Dec - CISA - China's average daily crude
steel output over Dec. 11-20 fell 1.75 percent from the preceding ten days,
industry data showed on Thursday, as mills trimmed output amid slower winter
sales. -
Mechel To
Halt Production At Southern Urals Nickel Plant = Based the management decision
made in May; due to the depressed global nickel market = Mechel, one of the
leading Russian companies of steel and resources, reported on December 19
that it decided to halt production at Southern Urals Nickel Plant OAO, and
to prepare the plant's equipment for a long-term shutdown. -
Charge Chrome
Q1-2013 Benchmark For Europe Rises US$0.025/lb = To US$1.125/lb Cr, up 2.3%
from Q4-2012 = Merafe Resources, South Africa, the partner with Xstrata in
Xstrata-Merafe Chrome Venture, announced on December 19 that the benchmark
price for the South African charge chrome shipped to Europe during the Q1
(January - March) of 2013 was settled at US$1.125/lb Cr, up US$0.025/lb Cr
or 2.3% from the preceding quarter. -
India is most
competitive in stainless steel long products - Outokumpu is an international
stainless steel company based in Finland. -
ISSF
- Quarter 3 stainless steel production surprisingly strong: new all-time-high
- Preliminary figures released by the International Stainless Steel Forum
(ISSF) show that worldwide stainless steel crude steel production has increased
after the first nine months of 2012 by 2.9% compared to the same period of
2011. -
Stainless
output up - Preliminary figures released by the International Stainless Steel
Forum (ISSF) show that worldwide stainless steel crude steel production has
increased after the first nine months of 2012 by 2.9% compared to the same
period of 2011. -
Local 598
starts talks with Xstrata - Mine Mill Local 598/CAW began negotiating a new
contract with Xstrata Nickel on behalf of its 900 members who work for the
company Dec. 14. -
Japan opens
WTO dispute against China over stainless steel tax - On Thursday, Japan filed
a request with the World Trade Organization (WTO) to compel China to be open
to bilateral negotiations about the country’s imposed anti-dumping tax
on Japanese high-quality seamless steel pipes. -
Spain's Acerinox
sees loss, delays dividend - Spanish stainless steel maker Acerinox predicted
a full-year loss and said it was cutting costs and delaying dividends as
its battles a faltering global economy. -
We
will be traveling Monday the 17th thru Wednesday, the 19th, and will not
have the ability to update this site. Our next update will be Thursday, December
20th.
Norilsk Nickel
To Pay $100 Million To Outgoing CEO -Report - Russian mining giant OAO Norilsk
Nickel will pay $100 million to its outgoing Chief Executive Vladimir
Strzhalkovsky, Vedomosti reports Friday, citing two sources close to
shareholders. -
Yusco sees
global stainless steel market to recover next year - Mr. I-Shou Lin, the
president of Yieh United Steel Corp. (Yusco), the largest stainless steel
manufacturer in Taiwan said that the global stainless steel market might
recover gradually next year after staying weak for a long. -
Zimbabwe:
BNC Needs U.S$20 Million Fresh Capital - Bindura Nickel Corporation says
it will require fresh capital injection of US$20 million in its second year
after resuming operations. -
Posco not
interested in Italian ThyssenKrupp plant - Steelmaker POSCO has denied it
is interested in buying the ThyssenKrupp stainless steel plant in Terni,
Italy, rejecting market speculation that the South Korean producer could
buy the plant to increase its presence in Europe. -
Landowner
reminds Government on Ramu mine - Basamuk Refinery landowner Lima Mulung
has reminded the PNG Government that it must honour its commitments to landowners
if it wants landholders to work with Government and investors. -
First Quantum
approves $840m Zambia expansion projects - The board of Toronto-listed First
Quantum has approved $840-million worth of expansion projects in Zambia,
where it owns the Kansanshi copper/gold mine and Trident project. -
ThyssenKrupp
CEO pledges new era at troubled steelmaker - ThyssenKrupp Chief Executive
Heinrich Hiesinger vowed to fix problems at Germany's biggest steelmaker
after a disastrous overseas foray and corruption allegations led him to axe
half his management board. -
Finland
: MINING giant is preparing to raise its production - To support its mining
industry, Finland has precise geological databases, world-class infrastructure,
progressive mining laws and readily available exploration services. -
Nickel
Institute Announces Retirement of Peter Cutler - After 20 years of service
to the nickel industry, Dr Peter Cutler, the Nickel Institute’s Director
of Promotion and Market Development is retiring on 31 December 2012. -
Palmer
says WA registration move sensible - Suggestions Clive Palmer has transferred
the registered address of his companies to Western Australia because of
dissatisfaction with the Queensland government are overstated, the mining
tycoon says. -
Ramu Nickel
set for opening - A large contingent of dignitaries, including the Prime
Minister Peter O’Neill are expected to converge at the Ramu Nickel project
refinery site at Basamuk on Thursday for project commissioning. -
