This
page is archived news covering the period of December 2016
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Thursday, December 29
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.58/lb
. Indicators
at 5:40 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 under the 371,300 tonne level. After experiencing a few days of steep
losses, nickel is struggling to find its footing, with only two trading days
left in the year. This is our final update for the year and we want to take
a moment and thank those who spend a few minutes of each day with us. We
wish each of you a 2017 filled with experience worth remembering. See you
next year.
Average price of cash nickel so far this month - $5.05/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
Indonesian
mining group seeks to export low-grade nickel ore - The Indonesian Association
of Mineral Entrepreneurs (Apemindo) has asked the government to allow exports
of low-grade nickel ore, executive director Ladjiman Damanik told reporters
on Wednesday. -
more
Dayton says
Twin Metals mine 'stymied,' but not dead - Gov. Mark Dayton said Wednesday
that the proposed Twin Metals copper-nickel mine is "stymied" but he's not
ready to declare it dead yet, despite moves by his administration and President
Barack Obama's administration that dealt serious blows to the project. -
more
Putin's
crumbling empire: Towns and cities in Russia may Collapse by 2050 due to
thawing permafrost - Towns and cities across the east of Vladimir Putin's
vast empire could 'collapse' in the coming decades because of thawing permafrost.
-
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, December 28
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.72/lb. Indicators
at 5:50 am CST today show 3 month nickel trading around $.10/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell on Friday and now total
just over the 371,400 tonne level. Having fallen below and unable to regain
the $5/lb level last week, nickel is in a nosedive as the year comes to an
end. With two and a half trading days left in London, nickel is back where
it was during the fall months, and has given up all the gains it made after
the US election. The International Nickel Study Group reported a surplus
of nickel in October, which has shocked many in the market. Traders and analysts
are also deeply concerned about what Indonesia will decide about future exports
of nickel ore. The average price of nickel could end lower for the month,
while chrome prices will end higher.
Average price of cash nickel so far this month - $5.07/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
The Penny Costs More to Make Than It’s Worth, Again -
more
U.S. Stocks Near Record as Oil Gains, Bonds Fall: Markets Wrap -
more
Japan's Purchase
Price of HC FeCr for Jan-Mar Up by US Cents 55 = US Cents 173 per lb due
to increase in raw material prices like ore price = Japanese stainless steel
mills have continued negotiation with multiple foreign ferro-chrome producers
to fix the purchase price of high-carbon ferro-chrome for the period from
January to March in 2017, and have recently come to an agreement on the price
to be up by US Cents 55 from the prior period. -
more
Nickel supply shock, ad-hoc - Nickel has enjoyed a reasonable price recovery
this year but the dead hand of political interference in the Philippines
could return in the next few days with unpredictable results. -
more
Asian
buyers seek lower low-carbon ferrochrome prices on China's cut in export
tax - Asian buyers are seeking lower prices for low-carbon ferrochrome, on
China's upcoming cut in the export tax to 15%, from the current 20%, effective
January 1, 2017, market sources said Wednesday. -
more
New $443
million Nova mine in Western Australia ramps up - The dominant player in
Australia's newest mining jurisdiction says a repeat of the famed Nova discovery
would add $1 billion overnight to the value of the ASX-listed company, amid
a renewed focus on exploring the outback for rich deposits. -
more
Norilsk
Nickel’s Potanin says his company should be an environmental example
- Vladimir Potanin, chairman of the giant and notoriously polluting Norilsk
Nickel, has said his company’s biggest problem is environmental –
and he knows how to fix it.-
more
Electric
cars spark lithium, nickel and cobalt mining boom - The China boom has come
and gone but miners say a new scramble for resources looms, triggered by
the dawn of the electric car age. -
more
Russia's
Nornickel buys copper concentrate for $1.1 bn - Russian mining giant Norilsk
Nickel (Nornickel) has agreed to buy copper concentrate produced in Soviet
times for 67.5 billion roubles ($1.1 billion) from state conglomerate Rostec,
the companies said on Tuesday. -
more
A Sportsman's
View: Protect BWCAW from copper-nickel mining - While growing up in northern
Minnesota — hunting, fishing, trapping, hiking and canoeing — I
naturally was attracted to the vast expanse of public lands found in the
Superior National Forest and its Pleistocene-like Boundary Waters Canoe Area
Wilderness. -
more
Courtesy AISI
- In the week ending on December 24, 2016, domestic raw steel production
was 1,636,000 net tons while the capability utilization rate was 69 percent.
Production was 1,485,000 net tons in the week ending December 24, 2015 while
the capability utilization then was 62.1 percent. The current week production
represents a 10.2 percent increase from the same period in the previous year.
Production for the week ending December 24, 2016 is down 3.4 percent from
the previous week ending December 17, 2016 when production was 1,694,000
net tons and the rate of capability utilization was 71.4 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
Thursday, December 22
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.93/lb. Indicators
at 5:30 am CST today show 3 month nickel trading around $.10/lb
lower. Stockpiles
of nickel stored in LME licensed warehouses went unchanged on Wednesday and
remain just over the 371,700 tonne level. The nickel bull could be in trouble
as the year draws to a close, with traders unable to push the price of nickel
back above the $5/lb level, and prices slumping hard today. This is our final
update this week, and with the London Metal Exchange closed next Monday and
Tuesday for Christmas and Boxing Day, our next update will be mid next week.
We wish all of our readers a very Merry Christmas and a safe and joyous holiday!
Average price of cash nickel so far this month - $5.11/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
Global Stock Rally Stalls as Oil Trades Below $53: Market Wrap -
more
Indonesia
to allow export of mineral concentrates if conditions are met - Indonesia
will allow the export of mineral concentrates beyond January 2017 if miners
meet certain conditions, the coordinating minister for economic affairs said
on Thursday. -
more
November
2016 crude steel production - World crude steel production for the 66 countries
reporting to the World Steel Association (worldsteel) was 132.4 million tonnes
(Mt) in November 2016, 5.0% up on November 2015. -
more
Expect Q4
to be an exceptional quarter: Subhrakant Panda, IMFA - In a chat with ET
Now, Subhrakant Panda, MD, IMFA, says commodities and in general in chrome
in particular are going to have an extended good run now. -
more
China's most
terrifying idea yet: An 'invisible' glass bridge across Zhangjiajie Canyon
and a dizzyingly high hotel - An incredible "invisible" footbridge, made
with mirrored stainless steel and reflective black stone, is being developed
in the Hunan province of China. -
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, December 21
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.96/lb. Indicators at
5:40 am CST today show 3 month nickel trading around $.01/lb
lower. Stockpiles
of nickel stored in LME approved warehouses rose on Tuesday and now total
just over the 371,700 tonne level. Inventory numbers have now risen to where
they were in mid August. Since its last leap after the US election, nickel
has fallen below the $5/lb level only three times prior to this week. This
week has seen nickel slip below that level on Monday and has not yet been
able to climb back over it. Short term technical signals are bearish, while
the long term remains bullish. Industry news was heavy yesterday, but very
light today.
Average price of cash nickel so far this month - $5.12/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
Metal Bulletin is reporting that Chinese authorities in Yancheng have ordered
the Jiangsu Delong Nickel Industry Co to stop all production at its
stainless steel facility as well as parts of its nickel pig iron facility,
pending a removal order for environmental violations
Dollar retreats from 14-year high, banks pull European shares lower -
more
Indonesian
state miner to produce 24,000 T of ferronickel in 2017 - Indonesian state
mining company Aneka Tambang aims to produce 24,000 tonnes of ferronickel
in 2017, up from 20,000 tonnes this year, a company official said on Wednesday.
-
more
Indonesian
Government May Relax Ban on Export of Bauxite Ore - The Indonesian government
is working to draft a regulation that may ease the ban on the export of certain
raw minerals, including bauxite ore. -
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, December 20
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.94/lb. Indicators
at 6:00 am CST today show 3 month nickel trading around $.02/lb
higher. Stockpiles
of nickel stored in LME approved warehouses rose on Monday and now total
just over the 371,600 tonne level. Busy news day.
Average price of cash nickel so far this month - $5.13/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
OECD Outlook: 3 Fast Facts On The Philippines Leading The Economic Growth
Among ASEAN-5 -
more
Stocks Climb as Markets Show Resilience; Bonds Drop With Gold -
more
El Niño–Southern Oscillation likely to remain neutral through
summer -
more
Stainless
Steel Production Reached 33 6 Million Metric Tonnes in the First Nine Months
of 2016 - The International Stainless Steel Forum (ISSF) has released figures
for the first nine months of 2016 showing that stainless steel melt shop
production increased by 7.0% year–on–year to 33.6 million metric
tons. Production increased in all regions except Central and Eastern Europe.
-
more
Indonesia's
mining ministry expects copper production to jump in 2017 - Indonesia's mining
ministry expects the country's copper production to jump to 710,000 tonnes
next year, the ministry's coal and minerals director general Bambang Gatot
said on Tuesday. -
more
Japan's base
metal firms tap materials market for growth - Stung by years of falling base
metals prices, Japanese mining and smelting firms are investing hundreds
of millions of dollars in specialised materials used in electric vehicles,
smartphones and a host of everyday electronic devices. -
more
Macquarie:
Here's where commodities sit in the price cycle, and where they'll head in
the next 2 years - 2016 has been a year of surprises: Trump, Brexit, Leicester
City, just to name a few. -
more
Blow
Up Of This World-Leading Nickel Miner Could Lift Prices Higher - Nickel prices
have hit year-highs the last several weeks. Topping $5 per pound for the
first time since the third quarter of 2015. -
more
Smelting
industry held hostage by policy uncertainty - A plan to allow more exports
of raw and partly processed mineral products has irked businesses that have
already invested heavily in smelters intended to add value to mineral ores
and generate a multiplier effect for the economy. -
more
Tagaung
nickel factory workers demonstrate for a payrise - Hundreds of Myanmar workers
from a nickel factory in Sagaing Region staged a demonstration this past
weekend over a perceived pay discrepancy between foreign and local employees.
-
more
Mining
heavyweight Glencore could leave Sudbury in 5 years, says VP - Glencore's
vice-president Peter Xavier says unless the company can raise $1.4 billion
from investors, the life of its mining operations in Sudbury will end in
2021. -
more
Palmer
court grilling to resume in 2017 - The public grilling of Clive Palmer over
the collapse of Queensland Nickel will resume in the Brisbane Federal Court
in February. -
more
Courtesy AISI
- In the week ending on December 17, 2016, domestic raw steel production
was 1,694,000 net tons while the capability utilization rate was 71.4 percent.
Production was 1,485,000 net tons in the week ending December 17, 2015 while
the capability utilization then was 62.1 percent. The current week production
represents a 14.1 percent increase from the same period in the previous year.
Production for the week ending December 17, 2016 is up 1.2 percent from the
previous week ending December 10, 2016 when production was 1,674,000 net
tons and the rate of capability utilization was 70.6 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, December 19
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$5.07/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 fell six tonnes since out last
update, and now totals 371,400 tonnes. The Philippines government continues
its attack on nickel miners, while Indonesia appears to be softening its
two year export ban. The Euro isn't trading as low as it did last week, after
the US Fed raised interest rates, but it hasn't recovered much and slipping
again today. All base metals are trading lower so far today, with zinc being
hit especially hard.
Average price of cash nickel so far this month - $5.15/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 Drops Versus Yen as European Stocks Slide; Gold Rises -
more
Indonesia
draft rule could ease export ban on nickel, bauxite: paper - Indonesia's
government is drafting a regulation that could ease a looming export ban
for not only copper concentrates, but also partly processed or raw nickel
and bauxite, the Jakarta Post reported, citing a draft regulation. -
more
Philippines cancels environmental permits of three mines - minister
- The Philippine government has canceled the environmental compliance
certificates (ECC) of three mines, including two nickel producers, Environment
and Natural Resources Secretary Regina Lopez said on Thursday. -
more
Philippines' No. 2 nickel miner to appeal canceled permit for undeveloped
mine -
more
U.S. Stainless
Steel Bar Producers Encouraged by the Department of Commerce's Initiation
of a Changed Circumstances Review Concerning Two Indian Producers - Viraj
Profiles and Venus Wire - The U.S. Department of Commerce today announced
the initiation of its changed circumstances review to determine whether two
Indian producers, Viraj Profiles Ltd. ("Viraj") and Venus Wire Industries
Pvt. Ltd., including its affiliates Hindustan Inox, Precision Metals and
Sieves Manufacturers (India) Pvt. Ltd. (collectively, "Venus Wire's") should
be reinstated back under the existing antidumping duty order on stainless
steel bar from India. -
more
Factory
worker is killed by exposure to nickel - inquest - A Gloucester factory worker
who had worked with chromium plating for much of his life died from an industrial
disease caused by exposure to nickel, an inquest has found.-
more
8 accused
of stealing 55 tons of nickel, worth $1 million - Eight men are charged with
stealing more than 55 tons of nickel, worth almost $1 million. -
more
Nova’s
luck continues as nickel prices stage a recovery - Since its discovery just
over four years ago, the Nova nickel deposit in Western Australia’s
south has enjoyed a charmed run. -
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, December 15
We
apologize for the short update today. We are experiencing computer problems,
which is making it nearly impossible to update this site. Hopefully we can
get it fixed and return to daily updates.
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$5.18/lb. Indicators at
5:30 am CST today show 3 month nickel trading around $.03/lb
lower. Stockpiles
of nickel stored in LME licensed warehouses rose on Wednesday and start the
day just over the 371,400 tonne level. Base metals are trading mostly lower
this morning, but trading is reserved. In light of only the second US interest
rate increase since the Great Recession, the US Dollar is trading stronger
against the Euro than it has in many years, which is putting negative pressure
on base metals. We are fighting a computer having fits this morning so our
update is short.
Average price of cash nickel so far this month - $5.16/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
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$5.17/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 rose on Tuesday and now total
just under the 369,750 tonnes. That is a gain of over 2,900 tonnes so far
this month. All eyes on the US Fed today, who are expected to raise interest
rates, but more importantly, may send the market some hints on planned increases
for 2017. New Caledonia miners want to fill in the void left by the Philippine
crackdown on miners, and have applied to ship more nickel ore to China.
Average price of cash nickel so far this month - $5.16/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 Fall, Bonds Rise as Caution Prevails Before Fed Meeting -
more
Morgan Stanley
bearish on iron ore, bullish on base metals - (excerpt) The bank raised
its 2017 forecast for zinc by 16 per cent to $US2728 a tonne, nickel by 13
per cent to $11,657 a tonne, aluminum by 10 per cent to $US1786 a tonne and
copper by 13 per cent to $US5346 a tonne. -
more
New
Caledonian miners seek to ramp up nickel ore exports to China - New Caledonia's
nickel ore miners have applied to increase shipments to China after an
environmental crackdown on Philippine mine supply this year has caused prices
to spike, four sources familiar with the matter said this week. -
more
Queensland Nickel fined $50K for spills from contaminated tailings
dam - Clive Palmer's former company Queensland Nickel has been fined $50,000
for overflows of contaminated water from its tailings dam near Townsville
in April 2014. -
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
Tuesday, December 13
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$5.13/lb. Indicators
at 6:00 am CST today show 3 month nickel trading around $.06/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Monday and now total
just under the 368,600 tonne level. Quiet news day as nickel remains channel
bound.
Average price of cash nickel so far this month - $5.16/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
Japanese
buyers base 2017 ferrochrome contracts on European benchmark - Two Japanese
buyers of high-carbon ferrochrome and a producer have agreed to base 2017
annual contracts on the quarterly European benchmark index, minus a discount
rate set for the full year, company officials said Friday. -
more
Queensland Nickel ordered to hand over stack of financial files to
liquidators - Queensland Nickel has been ordered to hand over a huge stash
of documents to liquidators investigating the collapse of the former Clive
Palmer operation, but Mr Palmer's lawyer says former chief financial officer
Daren Wolfe is the only person who knows how. -
more
Courtesy AISI
- In the week ending on December 10, 2016, domestic raw steel production
was 1,674,000 net tons while the capability utilization rate was 70.6 percent.
Production was 1,485,000 net tons in the week ending December 10, 2015 while
the capability utilization then was 62.1 percent. The current week production
represents a 12.7 percent increase from the same period in the previous year.
Production for the week ending December 10, 2016 is up 2.4 percent from the
previous week ending December 3, 2016 when production was 1,635,000 net tons
and the rate of capability utilization was 68.9 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, December 12
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$5.20/lb
. Indicators
at 5:40 am CST today show 3 month nickel trading around $.06/lb
lower. Stockpiles
of nickel stored in LME licensed warehouses fell on Friday and now total
just over the 368,650 tonne level. Oil rose to its highest traded price in
a year and a half, and nickel is retreating from its Friday gains. Nickel
appears to be channel bound again, albeit higher than it was before the US
election. Since then, the nickel appears to be trading between $5 and $5.25/lb.
And today appears to continue within that range.
Average price of cash nickel so far this month - $5.17/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
Crude Soars as Output Deal Weighs on Bonds; China Shares Tumble -
more
Crunch time coming for Philippines nickel ore exports: Andy Home -
Crunch time is coming for the flow of nickel ore from the Philippines to
China. -
more
China
Sees Cuts in Stainless Steel Production after Latest Environmental Drive,
SMM Reports - What’s impact on domestic producers in the nickel industry
from the latest environmental protection inspections? -
more
Nova
ships first concentrate to Nickel West - Metals miner Independence Group
has transported the first nickel concentrate from the Nova project, in Western
Australia, to BHP Billiton’s Nickel West operations. -
more
Ni SUS Scrap
Purchase Price in Kanto in Dec Starts with JPY120,000 = Buying becomes proactive
due to expectation of further rise, and pickup price for export is JPY125,000/ton
= Stainless steel mills in the Kanto area now offer the purchase price (delivered
at plant) of nickel-containing stainless steel scrap (SABOT) at the JPY120,000
range. -
more
Ghost
town chronicles meltdown of Botswana’s metals industry - The streets
of Selebi Phikwe in northeastern Botswana no longer teem with trucks, and
once-busy shop assistants and bank tellers wait for the rare customer. -
more
DFL avoids
copper-nickel mining fight — for now - The DFL will likely avoid a nasty
internecine fight after environmentalists agreed to put off a debate over
copper-nickel mining — for now. -
more
Stainless
Steel in Architectural Applications - The first recorded use of stainless
steel in the Architectural Sector of the market is the roof cladding of the
iconic Chrysler Building in New York City, which was completed in 1930 and
remains a shining example of aesthetically pleasing and long lasting benefits
which stainless steel offers to Architecture. -
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, December 8
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$5.18/lb. Indicators
at 6:00 am CST today show 3 month nickel trading unchanged. Stockpiles of
nickel stored in LME approved warehouses also went unchanged on Wednesday.
Technicals are sending buy signals, but for the moment, traders appear to
be skeptical. This is our final update for teh week, so we wish you all a
safe and relaxing weekend, and invite you back next week.
Average price of cash nickel so far this month - $5.18/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 Fall as Investors Turn Wary on ECB Stimulus; Euro Gains -
more
LME Ni Average Price in November Up by 9% from Prior Month = Inventory level
is up and rises to 366,834 tons at end of month = LME monthly average nickel
price in November 2016 was Cash seller: US$11,142.95 per ton (US$5.054 per
lb) and 3-month seller: US$11,190.68 per ton (US$5.076 per lb). -
more
Prices
of Austenitic Stainless Sheets Take on Aspect to Rise Further - According
to information obtained by a source, Korea's POSCO raised largely its domestic
prices of stainless steel sheets for December shipment. -
more
New
Caledonia nickel plant strike suspended for talks - A meeting has been called
in New Caledonia on Monday between the government and striking workers of
the Koniambo nickel plant. -
more
ThyssenKrupp
secrets stolen in 'massive' cyber attack this year - Technical trade secrets
were stolen from ThyssenKrupp AG in a cyber attack earlier this year, the
steelmaker said on Thursday. -
more
China Nov
exports, imports rise unexpectedly, commodity purchases soar - China's November
exports rose unexpectedly by 0.1 percent from a year earlier, while imports
expanded 6.7 percent on strong demand for commodities from coal to iron ore,
official data showed on Thursday. -
more
U.S. Steel
could restore up to 10,000 U.S. jobs - CNBC - United States Steel Corp could
be looking at restoring up to 10,000 jobs in the United States, Chief Executive
Mario Longhi told CNBC on Wednesday, without providing a timeline for the
additions. -
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, December 7
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$5.26/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 slightly on Tuesday and
now total 368,860 tonnes. Nickel remains in a bull market, with traded prices
up nearly 5% in a week and up over 31% year to date. Our most recent channel
break out began one month ago today.
Average price of cash nickel so far this month - $5.16/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's No Free Market, Aluminum Execs Testify -
more
Banks Lead Global Stocks Higher on Bets for Draghi Deliverance -
more
Press Release
- AK Steel said today that it will increase base prices for all of its stainless
steel products, effective with shipments on January 1, 2017. For commodity
sheet and strip, specialty sheet and strip, and pipe and tube sheet and strip
products, the increase will be achieved through a reduction in the functional
discount of two percentage points. For all remaining stainless steel products,
including automotive sheet and strip, base prices will be increased by $40
per ton.
- source
China's
Virtue Dragon joins Indonesian nickel rush - Andrew Zhu admits that when
he arrived in Indonesia in 2014, he was a little headstrong. -
more
3
Fast Facts On The Philippines’ Nickel Ore Output Declining At 16% In
Q3 - The Mines and Geosciences Bureau (MGB) reported on Monday that the
country’s nickel ore output declined to 16 percent in the first
three-quarters. -
more
Five dead, three missing in New Caledonia landslides - Authorities
in the French Pacific territory of New Caledonia have called off searches
for three people missing in the wake of widespread flooding that caused massive
landslides last month near the small indigenous Kanak settlement of Houailou,
on the east coast of the main island. -
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, December 6
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$5.27/lb. Indicators at
5:40 am CST today show 3 month nickel trading around $.01/lb
lower. stockpiles
of nickel stored in LME approved warehouses rose slightly on Monday and now
total just over the 368,900 tonne level. While other base metals are being
hit with profit taking today, nickel has so far bucked that trend, and is
holding onto yesterday's gains.
Average price of cash nickel so far this month - $5.14/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
Weaker commodities shares drag down European equities -
more
La Niña no longer likely in the coming months -
more
Metallic minerals output down 11% - The value of metallic minerals
produced in Philippine mines fell by 11 percent year-on-year to about P75.9
billion in the nine months to September of 2016 from P85.5 billion a year
ago, according to the Mines and Geosciences Bureau. -
more
Stainless
Steel producers want quality order put off by a year - Metal and Stainless
Steel Merchants’ Association, an apex body of stainless steel producers,
importers and stockiest, has urged the Government to postpone the quality
control order implementation by one year as most of the stainless steel producers
are yet to get Bureau of Indian Standard registration. -
more
MN
governor’s race likely to pit environment vs. jobs - The election results
from the Iron Range would seem to confirm that voters there want more mining,
despite claims of environmental damage it could cause. -
more
Two
Murmansk industries heed Bellona’s invitation to stop polluting for
an hour - Two major polluters in the Murmansk region Friday took part in
a Bellona initiative to fully stop their emissions for one hour in observance
of the organization’s “Zero Negative Impact on the Environment”
campaign. -
more
Courtesy AISI
- In the week ending on December 3, 2016, domestic raw steel production was
1,635,000 net tons while the capability utilization rate was 68.9 percent.
Production was 1,493,000 net tons in the week ending December 3, 2015 while
the capability utilization then was 62.5 percent. The current week production
represents a 9.5 percent increase from the same period in the previous year.
Production for the week ending December 3, 2016 is up 2.3 percent from the
previous week ending November 26, 2016 when production was 1,598,000 net
tons and the rate of capability utilization was 67.4 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, December 5
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$5.20/lb. Indicators at
5:40 am CST today show 3 month nickel trading around $.09/lb
higher. Stockpiles
of nickel stored in LME approved warehouses rose on Friday and start the
week just over the 368,700 tonne level. Traders are betting on the news that
a hostile Philippine government is not finished closing mines in that country,
and a major mines is forecasting a nickel shortage. And while everyone wants
to talk about why nickel stockpiles should be falling, no one wants to talk
about the fact that they aren't. In fact, stockpiles have been rising since
early October.
Average price of cash nickel so far this month - $5.07/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
Euro Pares Losses, Stocks Gain as Italy Absorbed in ‘3 Minutes’
-
more
Glencore sees
nickel shortage as electric vehicle demand burgeons - Diversified mining
and marketing company Glencore sees a shortage in nickel arising as a result
of burgeoning demand from electric vehicle (EV) production. -
more
Nickel
ore output drops 16 pct in 3Q as Duterte's clampdown bites - The Philippines'
output of nickel ore fell 16 percent in the third quarter from a year earlier,
government data showed on Monday, after the world's top supplier of the metal
suspended some mines in a clampdown on environmental violations. -
more
More Philippine mine suspensions on the way in boost for nickel - The Philippine
government will suspend more mines in a fight against environmental degradation,
the minister in charge of mining said, a move that could put future supply
from the world's top exporter at risk and lift nickel prices. -
more
New
Caledonia Koniambo furnace to be rebuilt - The Koniambo nickel plant in New
Caledonia is to get its second furnace rebuilt. -
more
Zim
miners sound wage alarm for 2017 – Zimbabwean mining companies –
among them units of SA and other world resource firms such as Sibanye Gold,
Caledonia Mining Corporation and Anglo Platinum – will not be able to
afford salary raises in 2017, survey findings showed on Monday. -
more
Botswana:
Nation At Crossroads - President Ian Khama will tomorrow make his last but
one State of the Nation Address (SONA) before retiring in March 2018. -
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, December 1
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$5.10/lb
. Indicators
at 5:40 am CST today show 3 month nickel trading around $.01/lb
lower. Stockpiles
of nickel stored in LME approved warehouses rose on Wednesday and now total
just over the 367,000 tonne level. This is up from a low of 360,096 reached
on October 13th. NIckel has struggled this week, and while down, the positive
trend appears to remain intact. This is our last update for the week so we
hope to see you again on Monday.
Average price of cash nickel so far this month - N/A
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
Infrastructure Rally: Base Metals Have Broken Longer-Term Downtrend Lines
-
more
Three million Queenslanders living in recession, research finds -
more
Global Bonds Suffer Worst Monthly Meltdown as $1.7 Trillion Lost -
more
High ferrochrome prices could speed sector consolidation -sources -
Rocketing ferrochrome prices are expected to accelerate consolidation among
producers in South Africa, increasing the global stainless steel industry's
reliance on mining group Glencore and chrome ore company Samancor. -
more
Indonesia -- Ore export ban reversal unlikely - Mining law expected
to tighten from January 2017 despite intense industry lobbying. -
more
Chinese
commodity futures smashed on liquidity worries - Retail and institutional
investors scrambled to exit bullish bets and shore up cash amid government
efforts to steady the sliding yuan currency and curb capital outflows. -
more
Ni
SUS Scrap Purchase Price in Kanto Shows Slight Rise in Late Nov = JPY110,000
- JPY113,000, but SUS mills have trouble in securing quantity = Stainless
steel mills in the Kanto area now offer the purchase price (delivered at
plant) of nickel-containing stainless steel scrap (SABOT) at JPY110,000 -
JPY113,000 per ton. This is up by JPY3,000 - JPY5,000 from the middle of
November. (Hereinafter, the price is per ton) -
more
Norilsk
Nickel files law suit against Botswana's BCL on Nkomati stake sale - Russia's
Norilsk Nickel said on Thursday it has filed a lawsuit against Botswana-based
BCL Group to recover $271.3 million plus damages it says it is owed from
the sale of a 50 percent stake in the Nkomati mine in South Africa. -
more
Copper and platinum prices hold key to nickel recovery -
more
Accused
of gagging media, Finnish PM admits to angry e-mails - A parliamentary watchdog
is probing the prime minister's role in the allocation of taxpayer funds
to the mine. -
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
Indonesian
mining group seeks to export low-grade nickel ore - The Indonesian Association
of Mineral Entrepreneurs (Apemindo) has asked the government to allow exports
of low-grade nickel ore, executive director Ladjiman Damanik told reporters
on Wednesday. -
Dayton says
Twin Metals mine 'stymied,' but not dead - Gov. Mark Dayton said Wednesday
that the proposed Twin Metals copper-nickel mine is "stymied" but he's not
ready to declare it dead yet, despite moves by his administration and President
Barack Obama's administration that dealt serious blows to the project. -
Putin's
crumbling empire: Towns and cities in Russia may Collapse by 2050 due to
thawing permafrost - Towns and cities across the east of Vladimir Putin's
vast empire could 'collapse' in the coming decades because of thawing permafrost.
-
Morning Nickel
Price Statistics & Figures
Japan's Purchase
Price of HC FeCr for Jan-Mar Up by US Cents 55 = US Cents 173 per lb due
to increase in raw material prices like ore price = Japanese stainless steel
mills have continued negotiation with multiple foreign ferro-chrome producers
to fix the purchase price of high-carbon ferro-chrome for the period from
January to March in 2017, and have recently come to an agreement on the price
to be up by US Cents 55 from the prior period. -
Nickel supply shock, ad-hoc - Nickel has enjoyed a reasonable price recovery
this year but the dead hand of political interference in the Philippines
could return in the next few days with unpredictable results. -
Asian
buyers seek lower low-carbon ferrochrome prices on China's cut in export
tax - Asian buyers are seeking lower prices for low-carbon ferrochrome, on
China's upcoming cut in the export tax to 15%, from the current 20%, effective
January 1, 2017, market sources said Wednesday. -
New $443
million Nova mine in Western Australia ramps up - The dominant player in
Australia's newest mining jurisdiction says a repeat of the famed Nova discovery
would add $1 billion overnight to the value of the ASX-listed company, amid
a renewed focus on exploring the outback for rich deposits. -
Electric
cars spark lithium, nickel and cobalt mining boom - The China boom has come
and gone but miners say a new scramble for resources looms, triggered by
the dawn of the electric car age. -
November
2016 crude steel production - World crude steel production for the 66 countries
reporting to the World Steel Association (worldsteel) was 132.4 million tonnes
(Mt) in November 2016, 5.0% up on November 2015. -
Expect Q4
to be an exceptional quarter: Subhrakant Panda, IMFA - In a chat with ET
Now, Subhrakant Panda, MD, IMFA, says commodities and in general in chrome
in particular are going to have an extended good run now. -
China's most
terrifying idea yet: An 'invisible' glass bridge across Zhangjiajie Canyon
and a dizzyingly high hotel - An incredible "invisible" footbridge, made
with mirrored stainless steel and reflective black stone, is being developed
in the Hunan province of China. -
. Indicators at
5:40 am CST today show 3 month nickel trading around $.01/lb
Macquarie:
Here's where commodities sit in the price cycle, and where they'll head in
the next 2 years - 2016 has been a year of surprises: Trump, Brexit, Leicester
City, just to name a few. -
Blow
Up Of This World-Leading Nickel Miner Could Lift Prices Higher - Nickel prices
have hit year-highs the last several weeks. Topping $5 per pound for the
first time since the third quarter of 2015. -
Tagaung
nickel factory workers demonstrate for a payrise - Hundreds of Myanmar workers
from a nickel factory in Sagaing Region staged a demonstration this past
weekend over a perceived pay discrepancy between foreign and local employees.
-
Mining
heavyweight Glencore could leave Sudbury in 5 years, says VP - Glencore's
vice-president Peter Xavier says unless the company can raise $1.4 billion
from investors, the life of its mining operations in Sudbury will end in
2021. -
We
apologize for the short update today. We are experiencing computer problems,
which is making it nearly impossible to update this site. Hopefully we can
get it fixed and return to daily updates.
New
Caledonian miners seek to ramp up nickel ore exports to China - New Caledonia's
nickel ore miners have applied to increase shipments to China after an
environmental crackdown on Philippine mine supply this year has caused prices
to spike, four sources familiar with the matter said this week. -
Ghost
town chronicles meltdown of Botswana’s metals industry - The streets
of Selebi Phikwe in northeastern Botswana no longer teem with trucks, and
once-busy shop assistants and bank tellers wait for the rare customer. -
ThyssenKrupp
secrets stolen in 'massive' cyber attack this year - Technical trade secrets
were stolen from ThyssenKrupp AG in a cyber attack earlier this year, the
steelmaker said on Thursday. -
Zim
miners sound wage alarm for 2017 – Zimbabwean mining companies –
among them units of SA and other world resource firms such as Sibanye Gold,
Caledonia Mining Corporation and Anglo Platinum – will not be able to
afford salary raises in 2017, survey findings showed on Monday. -
Accused
of gagging media, Finnish PM admits to angry e-mails - A parliamentary watchdog
is probing the prime minister's role in the allocation of taxpayer funds
to the mine. -
