(Delayed upload due to local internet outage) Nickel closed Thursday's trading
session at $7.60/lb ($16,765/tonne). Indicators at 6:00 am CST today show
nickel trading around $.10/lb
lower. Stockpiles of nickel stored in LME licensed warehouses rose
sharply again on Thursday and started today's session just over the
64,050 tonne level. Shanghai nickel fell to 125,210 y/t overnight. LME
will be closed for trading on Monday for the New Years
celebration, so our first update for 2024 will be next Tuesday. With
that, we end the year like we did the last. We toast the new year with
a quote from the old TV series MASH - "Here's to the New Year. May she
be a damn sight better than the old one, and may we all be home before
she's over." May 2024 bring you and yours health, hope, and happiness.
And we invite you to visit us daily - next year.
Average price of LME traded cash nickel
so far this month
- $7.44/lb
Thursday's market review - LME aluminium, nickel
inventories hit fresh highs - Aluminium and nickel inventories in
London Metal Exchange (LME) registered warehouses jumped to fresh highs
.... - more
Fire Breaks Out Again at GNI's Nickel Smelter; House Urges Stern
Action - The nickel smelter of PT Gunbuster Nickel Industri (GNI) in
North Morowali, Southeast Sulawesi, caught fire again on Thursday, Dec.
28. - more
Low Battery Metal Prices Set to Persist in 2024, Adding
Friction to Energy Transition - Prices for metals used in batteries
swooned in 2023, as rising supply and weak demand drove lithium to its
cheapest level ... - more
3 things that will change for global steel markets next
year & 3 that won’t - The landscape surrounding the steel markets
is set to shift in 2024, but will some things really change? - more
Jindal Stainless to raise cold-rolling capabilities with
acquisition of RVPL - The board of directors of Jindal Stainless
Limited (JSL), the largest stainless steel manufacturer in India, has
approved the .... - more
Courtesy AISI - In the week ending on December 23,
2023, domestic raw steel production was 1,693,000 net tons while the
capability utilization rate was 73.7 percent. Production was 1,576,000
net tons in the week ending December 23, 2022 while the capability
utilization then was 70.6 percent. - more
Other News
China
ups the ante in bid to rival SpaceX’s Starlink as G60 megaconstellation
satellite rolls off the production line in Shanghai - more
China Tightens Its Grip On Critical Metals With A New Trade Ban - more
Economic Stats and Prices (posted in Friday edition)
Nickel closed Wednesday's trading
session at $7.67/lb ($16,910/tonne). Indicators at 6:00 am CST today show
nickel trading around $.06/lb
lower, Stockpiles of nickel stored in LME licensed warehouses jumped by
more in one day than it had in over 5 months this year and ended the
day just over the 62,000 tonne level. Shanghai nickel fell slightly to
129,510 y/t overnight. China media is reporting at least 4 of the
workers killed in the Indonesia nickel plant explosion, were Chinese
workers. Merafe announces its European benchmark price for ferrochrome
will lower in the first quarter of 2024. Stay safe out there and have a
great Thursday!
Average price of LME traded cash nickel
so far this month
- $7.44/lb
Reports
Reuters metals morning - Copper hovers near five-month high on soft dollar - more
Wednesday's market review - Base metals rise on
Chinese data; aluminium hits eight-month high - Base metals prices rose
in London on Wednesday, buoyed by industrial profit gains in top metals
... - more
Taiwan's stainless steel mills might keep prices flat for
Jan - Taiwan's leading stainless steel mills will announce the new
prices for January this week. Global raw material prices were stable in
December. - more
Merafe Resources media release - Shareholders of the
Company are advised that the European benchmark ferrochrome price for
the first quarter of 2024 has been settled at 144 US cents per pound, a
decrease of 5.9% from the fourth quarter of 2023.
Hundreds of Indonesian nickel workers rally to press
safety demands - Hundreds of workers in Indonesia's nickel industry
staged a peaceful rally on Wednesday to demand better standards of work
safety... - more
High Nickel Alloy, Specialty Stainless Steel &
Titanium Pipe & Fittings for Aerospace and Defense and the
Petrochemical Industry - more
The EU hot-rolled steel market will enter 2024 with weak
demand, higher production and uncertainty over trade measures -
European hot rolled coil prices showed signs of recovery towards the
end of 2023.... - more
Why big miners are getting into the metal recycling game - and will
be for years to come - A US$700-million investment barely burns a hole
in Rio Tinto Ltd.’s pocket. The sum is less than five per cent of its
... - more
Other News
Maersk Prepares to Resume Shipping through Red Sea - more
Nickel closed Friday's trading
session at $7.52/lb ($16,570/tonne). Indicators
at 6:00 am CST today show
nickel trading around $.17/lb
higher. Stockpiles of nickel stored in LME licensed warehouses rose by
another large amount before the break, and ended last week and started
today's session just over the 57,800 tonne level. That is the most
since early August 22. Shanghai nickel changed contracts on Monday and
recorded 129,550 y/t overnight. LME nickel continues to sneak higher,
but go no where fast for the month, boosted in part by a Euro that has
been steadily climbing since mid month. In the world of nickel, a blast
at a Chinese operated nickel refinery in Indonesia has so far killed
18, and wounded many more. The plant has temporarily ceased operations
and workers protested safety concerns today. This comes on the heels of
other work place incidents at Indonesia nickel mines and plants, and
safety protests by workers. If safety was taking a back seat before,
this could bring it forward as a top concern. The explosion and deaths
could be responsible for the jump in London's nickel price this
morning, as traders return to work and "trade the news". Last week of
2023. Stay safe out there and enjoy your hump day.
Average price of LME traded cash nickel
so far this month
-
Reports
Reuters metals morning - Copper steadies amid dollar weakness, supply concern - more
Taiwan's stainless steel market strives to stabilize
circulation prices; market expected to recover from Mar 2024 - The
carbon steel in Taiwan's domestic market is strong, but the stainless
steel market is relatively... - more
November 2023 crude steel production
- World
crude steel production for the 71 countries reporting to the World
Steel Association (worldsteel) was 145.5 million tonnes (Mt) in
November 2023, ..... - more
Taiwan’s Yusco & Tang Eng’s new prices expected to be
supported by improved demand - Yieh United Steel Corp. (Yusco)
and Tang Eng Iron Works Co., Ltd., two major upstream stainless steel
mills in Taiwan,... - more
Indonesia nickel smelter furnace fire kills 13
workers,
injures 46 - Thirteen workers were killed and 46 injured on Sunday in a
fire at a nickel smelter furnace owned by Indonesia Tsingshan .... - more
Death toll at Indonesia smelter fire rises
to 18, operation halted - more
Hundreds of Indonesian nickel workers rally to press safety demands - more
Commodities 2024: US steel groups see intersection of
trade, environmental policy narrowing - Groups representing the US
steel industry are advocating for legislation in 2024 to support
domestic demand and .... - more
Other News
Russian billionaire Abramovich loses legal challenge against EU sanctions - more
White House Adds Nearly 400,000 Square Miles to U.S. Continental Shelf - more
Nickel closed yesterday's trading
session at $7.67/lb ($16,900/tonne). Indicators
at 5:30 am CST today show
nickel trading around $.01/lb
higher. Stockpiles of nickel saw another big jump on Thursday and
started today's session just over the 56,050 tonne level. Shanghai
nickel rose overnight, to 130,740 y/t. The Euro is on a slight uptrend
against the U.S. Dollar, and this is being reflected in nickel's traded
price. The bulls appear to want to end the year as close to the $17,000
tonne level as the bears will allow. There
will much that could be said about the article below titled "Xi warned
Biden during summit that Beijing will reunify Taiwan with China", but
suffice it to say, China is not known to be a saber rattler. This,
shall we call it, "statement of clarification", made privately to a
President who had earlier in his administration, claimed the U.S. would
militarily defend Taiwan from just such a reunification, should cause
serious concern among any U.S business importing product from either of
these two countries. From personal experience, the author can say with
a
high degree of certainty, that any such disruption to the flow of goods
inbound from Taiwan, and China, could decimate the U.S. fastener
industry - especially the stainless steel segment. While other
Southeast Asian countries are making inroads into this industry, one in
three iron fasteners exported in the world, was exported from China and
Taiwan in 2021. European countries export a large percentile, but
nearly all metric; not exactly popular in U.S. markets. In 2021, the
U.S exported 8.76% of world fastener trade, while it imported 13.8%.
Iron fasteners are one of SIC's that the U.S. still imports 'more' than
China. How would your company react to a sudden halt to exports from
these two countries? Are they as dependent on China or Taiwan as
fasteners are? The potential for disruption is there and the experts
agree the
likelihood is growing. Maybe a goal for 2024 should be for
your
procurement team to start building relationships in
countries outside of this region. One lesson many of us learned in
years past, was that when a few primary sources become unavailable to
their many users, other lesser known or lesser used sources suddenly
become popular,
and can take advantage of their newfound 'popularity'. When unionized
freight companies went on strike years ago, non unionized carriers were
simply
unable to handle the sudden surge in freight. Non unionized companies
were forced to limit their service for current customers only in many
cases, crippling those who had service contracts with union
carriers.
It was a wake up call then, as COVID has been too many in recent times.
Will aggression between China and Taiwan be the next? Time will tell,
but we suspect this will be a topic we come back to multiple times in
2024. Let's end the week on that cheery note, and remind our regular
readers that we will return on Wednesday for our next update. Stay safe
out there, have a wonderful weekend, and we wish you the Merriest of
Christmas'.
Average price of LME traded cash nickel
so far this month
- $7.44/lb
Reports
Reuters metals morning - Shanghai aluminium, zinc hit Nov highs on China rate cut prospects, Red Sea tensions - more
Yesterday's market
review - Metals spend the year
pinned between old and new cycles - It's been a year to forget for
industrial metal traders. - more
Taiwan's stainless steel market strives to stabilize
circulation prices; market expected to recover from Mar 2024 - The
carbon steel in Taiwan's domestic market is strong, but the stainless
steel market is relatively ... - more
August: Vale unlocks the next phase of Voisey’s
Bay
- A key driver for the $1.7-billion expansion is the burgeoning demand
for battery minerals. Vale signed a 2018 stream financing deal worth
$690 million ... - more
Tesla Cybertruck deliveries hostage to battery
production
hell - Elon Musk says prototypes are easy, production is hell. And when
it comes to the long-awaited Cybertruck, Tesla's hell is its pioneering
4680 battery. - more
We would like to thank the sponsor for our news page for
2023
and announce the site sponsor for 2024. They are the one and the same,
PA Inc of Houston, Texas.
Display booth at recent Stainless Steel
World Convention & Expo
Pai has been our sole news site sponsor
since January 2022.
Nickel closed Wednesday's trading
session at$7.64/lb ($16,850/tonne). Indicators
at 5:30 am CST today show
nickel trading around $.02/lb
lower. Stockpiles of nickel stored in LME licensed warehouses fell
slightly on Wednesday and started today's session just under the 53,700
tonne level. Shanghai nickel fell to 129,830 y/t overnight. With
Christmas just around the corner, we expect things to slow down the
rest of the week, at least until next Wednesday, when the LME reopens
after their Monday and Tuesday holiday break. We will follow LME's
schedule and post an update tomorrow, our last until next Wednesday as
well. Stay safe out there, have a great day, and Merry Christmas and
safe travels to those who are.
Average price of LME traded cash nickel
so far this month
- $7.43/lb
Reports
Reuters metals morning - Copper retreats as bullish investors pause ahead of holidays - more
China's November nickel ore and its concentrate imports fell by 5.5%
year-on-year - A breakdown of import data revealed that China imported
a total of 3,868,780.81 tons of nickel ore and its
concentrate .... - more
AMT LME COTR analysis 19 Dec.23 - The most recent
COTR data on LME speculative positions (for the week ending 15th
December 2023) were released this afternoon. - more
Italy’s Acciai Speciali Terni takes 20-day production suspension -
Acciai Speciali Terni, a stainless steel manufacturer in Italy,
will implement a 20-day suspension of its production for the
Christmas... - more
Indonesia anti-graft agency arrests Harita Nickel director -
Indonesia's anti-corruption agency arrested a director of nickel miner
Trimegah Bangun Persada, also known as Harita Nickel, over an alleged
... - more
CISA: China’s crude steel usage to remain firm in 2024, to drop to 820
million mt by 2035 - China's steel consumption has peaked and will see
an inevitable decline in the future, as stated by He Wenbo,... - more
Turkey’s stainless steel flat products imports drop in Oct m-o-m, y-o-y
- According to the Turkish Statistical Institute, Turkey’s
stainless steel flat products imports totaled around 39,000 tons in
October.... - more
China’s Nickel King Powers-Up His Battery Business - China’s grip on
energy transition tightened this week with the Hong Kong listing of a
small battery making business controlled by Tsingshan Holding Group...
- more
High Nickel Alloy, Specialty Stainless Steel &
Titanium Pipe & Fittings for Marine Applications, Offshore
Structures, and
Power Generation - more
Other News
2024 metal fabrication forecast: A boring year
ahead? - more
Port of Los Angeles cargo volumes rise 19% YoY
in November - more
Electric Cars With Recycled Batteries Are the Next Green Holy Grail - more
Breakdown of London courts findings in debacle suit - more
Nickel closed Tuesday's trading
session at $7.56/lb ($16,675/tonne). Indicators at 6:00 am CST today show nickel trading around $.05/lb
higher. Stockpiles of nickel stored in LME licensed warehouses rose
sharply on Tuesday and started today's session just over the 53,700
tonne level. Stockpiles have risen approximately 7400 tonnes so far
this month, which compares to around 9,400 tonnes in gain to the first
of this month since LME stockpiles bottomed out in June. So far, the
nickel bulls seem to be shrugging off these sudden spikes in inventory
numbers, and except for a deep drop to end last week, have successfully
kept nickel away from earlier lows. Shanghai nickel rose slightly to
131,200, shadowing LME's last full session. Four major shipping
companies, Maersk, Hapag-Lloyd, CMA CGM Group and Evergreen, have
announced they are suspending operations in the Red Sea due to Houthi
attacks on shipping there. Oil companies are also considering the same,
with BP already halting their ships. World trade continues to be
fragile. Stay safe out there, have a great hump day, and Merry
Christmas!
Average price of LME traded cash nickel
so far this month
- $7.43/lb
Reports
Reuters metals morning - Most base metals gain as Fed rate cut bets boost demand hopes - more
Tuesday's market review - Copper climbs on
expectations of tightening supplies - Copper prices climbed on
Tuesday as supply concerns fuelled by mine closures, a sliding dollar
and falling stocks in ... - more
Global molybdenum production and usage rises in Q3 2023 -
Figures released today by the International Molybdenum Association
(IMOA) show that in the third quarter of 2023, global molybdenum
production.... - more
Chronicle of Shortages Foretold: A Continental Corridor
for Critical Minerals is Urgently Needed - Demand for critical minerals
is expected to surge on a path to net zero. - more
Power pricing predictability reached for Glencore-Merafe
ferrochrome smelter - The application of State electricity
utility Eskom for a six-year negotiated pricing agreement for the
Glencore-Merafe .... - more
High Nickel Pipe & Fittings for Chemical Processing - more
Finland’s Outokumpu to invest in pelletizing plant for
biocoke production - Finland-based stainless steel producer Outokumpu
has announced that it has decided to invest approximately 30
million Euro ... - more
Courtesy AISI - In the week ending on December 16, 2023,
domestic raw steel production was 1,714,000 net tons while the
capability utilization rate was 74.6 percent. Production was 1,576,000
net tons in the week ending December 16, 2022 while the capability
utilization then was 70.6 percent. - more
Other News
Asia’s central banks snap up gold in ‘new normal’ to reduce risk from US dollar - more
POSCO accused of greenwashing steel products - more
Why these women are leading the fight against miners to protect a pristine island in Indonesia - more
According
to the International Nickel Study Group, Indonesia's primary nickel
production accounted for 38% of world production in 2022.
Economic Stats and Prices (posted in Friday edition)
Nickel closed Monday's trading
session at $7.47/lb ($16,470/tonne). Indicators at 6:00 am CST today show
nickel trading around $.08/lb
higher. Stockpiles of nickel stored in LME licensed warehouses rose on
Monday and started today's session just under the 52,700 tonne level.
Shanghai nickel fell overnight, to 131,070 y/t. Lot of news today so we
leave you with it. Stay safe out there, have a great Tuesday, and Merry
Christmas!
Average price of LME traded cash nickel
so far this month
- $7.43/lb
Monday's market review - Commodities Overview: The
stars align again for industrial metals - Every week, the commodities
Overview gives you the opportunity to review the latest developments on
the.... - more
Australia deems copper, nickel strategic, opens funding
pathway - Australia has opened a door to government funding for copper
and nickel projects, putting them on a list of materials deemed
essential .... - more
Key Takeaway From SMM Southeast Asia Nickel-Chromium-Manganese
Stainless Steel Industry Conference: Exploring Pricing Mechanism Based
on the Current Development Situation of Indonesian Nickel Industry - more
Long-delayed Minnesota copper-nickel mining project wins
a round in court after several setbacks - The Minnesota Court of
Appeals on Monday affirmed a decision by a state agency to grant a
major permit ... - more
China is still the top dog in commodities, but its bark
is changing - For the past two decades the mantra in commodities has
largely been if you build it, China will buy it. - more
Nickel, high nickel alloy specialty stainless steel, and titanium piping products - more
Nornickel joins stainless steel factory project, aims to
increase nickel sales - Russian mining and metals giant Nornickel has
decided to join a project to build a plant producing stainless steel
products in Russia, ... - more
Statement by Solway Investment Group on the decision by
the Inter-American Court of Human Rights on Guatemala indigenous land
rights concerning its two nickel mine companies - more
Nickel-rich cathodes show promising results for longer-lasting
EV batteries - A cost-effective approach for synthesizing
single-crystal, high-energy, nickel-rich cathodes may open up the
bottleneck that affects ... - more
A deep dive into fabricating with Duplex Stainless Steel
reveals innovation and reliability - Enerfab works hand in hand with
its customers to understand how fabrication and welding affect the
corrosion resistance... - more
Other News
Canada to announce all new cars must be zero emissions by 2035 - more
Gold-priced steel: China’s tech breakthrough shatters Western market dominance - more
U.S. Steel Agrees to Be Bought by Japanese Rival After Long Takeover Saga - more
China jobs: suspended production, extended unpaid leave embody woes with private businesses under pressure - more
Chinese Vessels Enter Philippine-Controlled Reef in South China Sea - more
Economic Stats and Prices (posted in Friday edition)
Nickel closed Friday's trading
session at $7.74/lb ($17,070/tonne). Indicators
at 6:00 am CST today show
nickel trading around $.08/lb
lower. Stockpiles of nickel stored in LME licensed warehouses rose
sharply on Friday and ended the week just under the 51,850 tonne level.
This is the first time that LME stockpiles have registered over the
50,000 tonne level since January of this year. Shanghai nickel rose to
133,390 y/t overnight. Nickel is trading lower this morning, possibly
on the LME stockpile bounce. Raising by over 2600 tonnes in one day
will catch traders attention and adds fuel to the surplus conversation.
Some of the euphoria from the possibility of the Fed lowering rates
next year is evaporating as well. Elliott is appealing the loss it
received earlier in a lawsuit against the LME over the great nickel
debacle. The Fenix project, a Guatemalan nickel mine with a checkered
past, received its permits decades ago illegally, according to an
international court ruling. The schedule for the LME shows they are
closed next Monday and Tuesday for Christmas, and the next Monday for
New Years Day. Stay safe out there and have a great week!
Average price of LME traded cash nickel
so far this month
- $7.42/lb
Reports
Reuters metals morning - Copper slips, but prospect of tight supplies sustains sentiment - more
Friday's market
review - Copper gains on China industrial growth, hopes for lower rates
- Copper prices extended their gains on Friday on improving
Chinese industrial data and hopes for lower U.S. interest rates. - more
Int'l court rules against Guatemala in landmark Indigenous
and environmental rights case - Guatemala violated Indigenous rights by
permitting a huge nickel mine on tribal land almost two decades
ago,.... - more
Stainless Club: CBAM implementation, any headway yet? -
Chaos, a nightmare, a bureaucratic monster, and the art of complicating
things are just a few ways the stainless steel community describes
CBAM.... - more
South Korea’s stainless steel CRC imports grow in Jan-Nov
y-o-y - According to statistics from the Korea Iron and Steel
Association (KOSA), South Korea imported a total of around 317,000 tons
of cold-rolled .... - more
Industrial output of China’s steel sector up 7.5 percent
in Jan-Nov - In the January-November period this year, the value-added
industrial output of the ferrous metal smelting and rolling sector in
China recorded a ... - more
The launch of blast furnaces in the Czech Ostrava is in
jeopardy due to disputes with the energy supplier - Tameh Czech is the
sole energy supplier to the Ostrava smelter, so its shutdown means
Liberty will ... - more
Elliott Granted Permission to Appeal Over Court Loss to LME - Hedge
fund Elliott Associates was granted permission to appeal its loss in
court against the London Metal Exchange over a nickel squeeze... - more
The near disaster you probably never heard about - or how
stainless steel saved the US from a Fukushima type nuclear disaster -
(excerpt) That thin stainless steel covering was the only thing
standing in the way of the collapse of the containment structure and
widespread radioactive contamination, posing a health risk to thousands
in the vicinity and contaminating Lake Erie as well. - more
Other News
China Isn’t Taking Friend-Shoring Lying Down - more
The planet’s population will get to 10.4 billion – then drop. Here’s when we reach peak human - more
Maersk Stops All Red Sea Container Ship Traffic - more
Economic Stats and
Prices (posted in
Friday edition)
Nickel closed Thursday's trading
session at $7.69/lb ($16,950/tonne). Indicators at 4:30 am CST today show
nickel trading around $.11/lb
higher. Stockpiles of nickel stored in LME licensed warehouses rose on
Thursday and started today's session just under the 49,200 tonne level.
Shanghai nickel dipped overnight to 132,080 y/t. Nickel bulls continue
to drive nickel higher, even overcoming a stronger U.S. Dollar this
morning. Stay safe out there and have a great Friday. And since we have
hit the half way point in the month, let us add, Merry Christmas!
Average price of LME traded cash nickel
so far this month
- $7.40/lb
Reports
Reuters metals morning - Copper steady as dollar under pressure from dovish Fed - more
Global nickel surplus widened to 32200 metric tons in Oct
- The surplus in the global nickel market grew to 32,200 metric tons in
October, up from a surplus of 12,100 tons a year earlier .... - more
SMM Analysis Of China Stainless Steel Import And Export
Data In October And November - China’s stainless steel imports stood at
321,800 mt in October, up 27% MoM but unchanged from last year, ... - more
LME launches consultation on when to suspend market in
volatile trading - The London Metal Exchange (LME) has launched a
consultation about when volatile prices should force a suspension of
trading, .... - more
WA miner Panoramic Resources enters voluntary
administration as nickel price drops by almost half - Panoramic
Resources, the company that operates one of Western Australia's few
nickel mines, ... - more
China EV maker Zeekr unveils fast-charging LFP battery - Zeekr,
the premium electric vehicle brand of Chinese automaker Geely, unveiled
on Thursday lithium iron phosphate batteries it .... - more
Other News
Billionaire-backed KoBold Metals widens lithium hunt across four continents - more
Nickel closed Wednesday's trading
session at $7.48/lb ($16,500/tonne). Indicators at 6:00 am CST today show
nickel trading around $.18/lb
higher. Stockpiles of nickel stored in LME licensed warehouses rose on
Wednesday and ended that session just under the 49,000 tonne level.
Shanghai nickel rose to 132,130 y/t overnight. Nickel is trading higher
today, as the Euro spikes against the U.S. Dollar, adding positive
momentum to base metals trading. The drop in nickel prices this year
has reportedly claimed its first nickel mine - the Savannah nickel mine
in Australia. This mine has been plagued by equipment failure and bad
weather, and was put on care and maintenance recently. The same day,
media reports that Pacific Nickel is loading its first nickel shipment
from its mine in the Solomon Islands. So don't expect a great exodus of
nickel mine operations leading to a huge deficit anytime soon. These
boom /bust arena's run in cycles and we are now entering in what could
be called the "bust" part of the mine cycle. This one will be different
than years pasts as the new demand from the EV industry helped
accelerate the turn from the boom to bust, and could potentially keep
the bust from being as bad as years past. We will have to wait and see
the EV demand has changed the rules. Stay safe out there and have a
great Thursday!
Average price of LME traded cash nickel
so far this month
- $7.39/lb
Reports
Reuters metals morning - Base metals climb on U.S. rate cut outlook - more
LME nickel volumes hit highest since March 2022
crisis - Nickel trading volumes on the London Metal Exchange (LME) have
climbed to their highest since the fiasco in March 2022 when confidence
in the LME's .... - more
Stainless steel price may be largely stable or drop slightly in
December - In November, stainless steel prices experienced an overall
weak trend, with the national average price of 304 stainless steel
dropping by .... - more
2024 steel prices: Will volatility continue? - U.S. steel market is
likely to see more swings in prices, but perhaps not as severe as
recent months - more
Eyes on Forrest, IGO as nickel’s nightmare year claims
Panoramic - Multinational commodity trader Trafigura is in pole
position to take control of Australia’s Savannah nickel mine, ... - more
Australia's Pacific Nickel Mines to load first Ni cargo - Australian
producer Pacific Nickel Mines will load its first shipment of 60,000t
of nickel ore to mining firm Glencore next week. - more
Watch: Our top calls for metals in 2024 - video here
Other News
Wildfires Are Unleashing Dangerous Metals From Soil, Study Shows - more
Tanker in Red Sea targeted by speedboat gunfire and missiles - sources - more
6 reasons why global supply chains are shifting - more
Half of workers left previous job after feeling underappreciated - more
Economic Stats and Prices (posted in Friday edition)
Nickel closed Tuesday's trading
session at $7.50/lb ($16,525/tonne). Indicators at 5:50 am CST today show
nickel trading around $.06/lb
lower. Stockpiles of nickel stored in LME approved warehouses fell
slightly on Tuesday and started today's trading session just under the
48,550 tonne level. Shanghai nickel fell to 103,400 y/t overnight. Not
a lot of news today. Stay safe out there and have a great hump day!
Average price of LME traded cash nickel
so far this month
- $7.40/lb
Reports
Reuters metals morning - Copper dips as China fails to meet investors' stimulus hope - more
Tuesday's market review - Copper growth loses steam
after U.S. inflation data - Copper prices in London reversed earlier
gains on Tuesday as a dollar decline slowed after U.S. inflation
data,.... - more
ING analyst sees nickel pricing remaining subdued - Dutch
bank’s commodities analyst Ewa Manthey sees LME nickel pricing in 2024
rarely reaching $17,000 per metric ton - more
U.S. imports / exports of Nickel - more // U.S. imports / exports of Stainless steel - more // use search bar at top of each page to check your SIC of interest
Taiwan’s CSC: Steel market to steadily rise next year -
The Chairman of Taiwan’s China Steel Corp. pointed out that the steel
market is expected to gradually stabilize in the first quarter of next
year ... - more
German steel market expects prices to strengthen,
inventory to remain low: survey - German steel traders and
producers unanimously expected steel prices to strengthen during
December as mills ... - more
Other News
Warren Buffett Selling $28.7 Billion in Stock Rings Alarm Bell Over Economy - more
Extreme cold still poses reliability challenge for N. American power generators - NERC - more
Global trade to drop 5% this year amid geopolitical headwinds - more
Nickel closed Monday's trading
session at $7.53/lb ($16,595/tonne). Indicators at 5:50 am CST today show
nickel trading around $.01/lb
lower. Stockpiles of nickel stored in LME licensed warehouses rose on
Monday and started today's session just under the 48,600 tonne level.
Cancelled warrants doubled to over 10% overnight. Shanghai nickel fell
to 131,800 y/t as well. Nickel is trading lower this morning but
getting some positive support from a weakening U.S. Dollar. Some nickel
price forecasts for 2024 are being announced and linked below. Other
than that, its rather quiet on the news front. Stay safe out there and
have a great day!
Average price of LME traded cash nickel
so far this month
- $7.40/lb
Reports
Reuters metals morning - Copper rises with weaker dollar, tighter supply prospects - more
Metal prices will likely rise a tad globally in 2024, says
BMI - But World Bank Commodity Outlook forecasts further decline in
commodities market - more
Fitch Ratings Increases Some Global Metals and Mining Price Assumptions - more
Is the Nickel market poised at a critical juncture between
supply and demand? - Nickel is a versatile transition metal with
numerous industrial applications, most notably in high-grade steel
manufacturing and batteries. - more
Courtesy AISI - In the week ending on December 9, 2023, domestic raw
steel production was 1,697,000 net tons while the capability
utilization rate was 73.8 percent. Production was 1,576,000 net tons in
the week ending December 9, 2022 while the capability utilization then
was 70.6 percent. - more
Other News
Will the man who succeeds Indonesia President Jokowi continue his signature industrial downstreaming policy? - more
Glencore in bid for Anglo? Entertaining, but unlikely - more
The largest metallurgical company in Europe left the Kazakh business - more
Economic Stats and Prices (posted in Friday edition)
Nickel closed Friday's trading
session at
$7.63/lb
($16,830/tonne). Indicators at 6:00 am CST today show
nickel trading around $.10/lb
lower. Stockpiles of nickel stored in LME licensed warehouses fell on
Friday and started this week just under the 48,150 tonne level.
Shanghai nickel fell to 132,060 y/t overnight. Nickel is lower this
morning, and for a change, the LME seems to be shadowing Shanghai
markets for the past week. Reuters is crediting a stronger Dollar but
we don't see this and really haven't noticed much in the Dollar/Euro
trade spread over the past few sessions. Little bit of news and reports
this morning so we leave you to your new week! Stay safe out there and
have a great Monday.
Average price of LME traded cash nickel
so far this month
- $7.40/lb
Reports
Reuters metals morning - Most base metals fall on firmer dollar, caution ahead of US data - more
Friday's market
review - Copper extends gains on
China demand, rate cut hopes - Copper prices extended their rebound on
Friday, lifted by firm demand in top metals market China ... - more
Outokumpu to supply lower - carbon stainless steel to help
energy transition - Finland-based stainless steel producer Outokumpu
has announced that it will supply Outokumpu Circle GreenŪ ... - more
Aperam
suspends new investments in Brazil due to excess
steel imports - Stainless and electrical steelmaker Aperam has
suspended the third phase of its investment plan in Brazil,.... - more
Indonesia files lawsuit with WTO concerning AD case on
stainless steel - Indonesia has officially filed a lawsuit with the
World Trade Organization (WTO) regarding the EU's imposition of
anti-dumping .... - more
Indonesia
thinks its nickel export ban is working - more
India Review on Subsidy Taxes for Stainless Steel
Welded
Pipes from Vietnam - The Ministry of Industry and Trade has just
announced receiving information from India's Directorate General of
Trade .... - more
New Abaxx exchange to launch nickel sulphate
futures in
Q1 2024 - "First trade is now expected over the next few months," said
Josh Crumb, CEO of Canadian-listed Abaxx Technologies Inc... - more
Mining nickel comes with big costs - Massive industrial
complexes for nickel mining have transformed an Indonesian island long
home to fishing villages and school children. - more
Other News
China's CPI down 0.5% in November, due to
energy prices fall - more
China Says Biden Battery Limitations Violate
WTO Rules - more
In world first, China’s LandSpace methane
rocket sends satellites into orbit - more
Economic Stats and
Prices (posted in
Friday edition)
Nickel closed Thursday's trading
session at $7.52/lb ($16,570/tonne). Indicators
at 6:00 am CST today show
nickel trading around $.12/lb
higher. Stockpiles of nickel stored in LME licensed warehouses fell on
Thursday and started today's session just over the 48,250 tonne level.
Shanghai nickel rose overnight to 133,820 y/t. Nickel seems to be
having a positive week, although it it closed over the $17,000 tonne
level last Friday. After dropping hard the first two days of this week,
nickel prices have rose the last few, while the daily "official price"
continues to hover around the $16,000 tonne level. This implies the
battle over the $16,000 tonne level has intensified, but in our
opinion, the bulls appear to have seized a momentum shift. We will have
to wait and see if that shift has any holding power or gas to fuel it
further. Stay safe out there and have a great weekend!
Average price of LME traded cash nickel
so far this month
- $7.38/lb
Reports
Reuters metals morning - Copper rises as upbeat China data lifts demand prospects - more
Thursday's market
review - LME nickel stocks reach
10-month high as global surplus builds - Nickel stocks in warehouses
registered with the London Metal Exchange have climbed to the highest
level in 10 months ...- more
European flat stainless steel prices narrow on lull in
demand - The price of stainless steel flat products in Europe narrowed
downward in November due to the persistent lack of end-user demand ....
- more
Indonesia’s nickel supply glut, slowing EV demand could ‘jeopardise’
Chinese miners - A deluge of investments into Indonesia’s refining
capacity over the past few years has led to an ‘oversupply’, experts
say - more
Women
say their farms were seized to build nickel mines amid Indonesia's
electric vehicle boom - more
UNESID: Spanish steel output decreases in
January-September - According to the Spanish steelmakers association
UNESID, in September this year Spain\u2019s steel production totaled
1,016,000 mt,.... - more
OECD: Global economy to grow by 2.7% in 2024,
still faces
effects of inflation - The global economy continues to face challenges
such as inflation and low growth prospects, according to the OECD's
November... - more
Other News
Stainless
Steel Sheet and Strip in Coils From Japan, the Republic of Korea, and
Taiwan: Continuation of Antidumping Duty Orders and Countervailing Duty
Order - more
Nickel closed Wednesday's trading
session at $7.37/lb ($16,250/tonne). Indicators at 5:50 am CST today show
nickel trading around $.07/lb
higher. Stockpiles of nickel stored in LME licensed warehouses jumped
on Wednesday and started today just north of the 48,350 tonne level.
Shanghai nickel was basically flat overnight, at 130,540 y/t. After all
the volatility yesterday, nickel ended up only gaining around $60/tonne
and is up again today. The Euro continues to slide against the U.S.
Dollar and is offering base metals no help. News is on the lighter side
today, with the woes of Trafigura catching the headlines. Stay safe out
there and have a great Thursday!
Average price of LME traded cash nickel
so far this month
- $7.41/lb
Reports
Reuters metals morning - London copper prices flat as traders await fresh impetus - more
Wednesday's market review - Copper prices recover on
supply concerns, strong dollar limits gains - Copper prices rose in
London on Wednesday after two sessions of falls due to concerns about
the ... - more
Trader Trafigura Targeted by US and Swiss Over Corruption - Trafigura
Group and one of its longstanding top executives have been charged over
allegations of bribing public officials in Angola,.... - more
Trafigura sets aside $127 mln provision for Brazil, US DOJ fine - more
Trafigura checked traders didn't collude in Gupta fraud case - document - more
YC Inox expects recovery in stainless steel market in Q2
2024 - YC Inox Co., Ltd., a stainless steel producer in Taiwan, said
that carbon steel is an indicator of the stainless steel market
condition.... - more
Taiwan YC Inox & Walsin Lihwa forecast market would gradually recover in future - more
USSA: Russia's stainless steel consumption increases in
Jan-Sep y-o-y - According to statistics from the Russian Special Steel
and Alloys Consumers and Suppliers Association.... - more
US looks to shut China out of its battery supply chain -
The Biden administration has unveiled plans to exclude Chinese entities
from receiving any of the generous tax credits available for investing
in ... - more
EUROMETAL whitepaper: Towards a CO2 neutral steel – The
current situation - EUROMETAL have been publishing a whitepaper
annually on topics relevant to steel distributors but also to the
entire supply chain. - more
Other News
Oil falls to near 5-month low on OPEC+ cut doubts, demand concerns - more
Nickel closed Tuesday's trading
session at $7.30/lb ($16,190/tonne). Indicators at 6:00 am CST today show
nickel trading around $.12/lb
higher. Stockpiles of nickel stored in LME licensed warehouses rose on
Tuesday and started today just over the 46,350 tonne level. Shanghai
nickel rose to 130,550 y/t overnight. Nickel fell hard yesterday, so
today's bounce is not unexpected. Volatility requires sharp movements
in both directions, even in a bear market. Prateek Gupta is asking a
London court to unfreeze his personal and business finances, appearing
to blame Trafigura in a filed appeal, for the scrap metal he is alleged
to have sold them as pure nickel. If
for any reason your email to us at info (at) estainlesssteel.com goes
unanswered or is being returned,
please contact us at estainlesssteel (at) yahoo.com. It's a backup and
we
check it occasionally. Lot of news again today, so we leave you with
it. Stay safe out there and have a great hump day!
Average price of LME traded cash nickel
so far this month
- $7.42/lb
Reports
Reuters metals morning - Base metals rise on rate-cut bets, China's money supply boost - more
Tuesday's market review - Copper falls to 1-week low
on China credit rating cut - Copper prices fell to one-week lows on
Tuesday after Moody’s cut its outlook on China’s credit ratings to
negative from stable,....- more
Trafigura's lawsuit against businessman Gupta in alleged
fraud over nickel - Indian businessman Prateek Gupta asked a London
judge on Tuesday to lift an order freezing his personal and business
.... - more
Trafigura staff knew about nickel fraud, Gupta says in court document - more
Trafigura lent nickel receipts to uninvolved firms, Gupta says in court document - more
Italy’s Arvedi Group plans to sell Turkish asset AST
Turkey - Italy’s Arvedi Group planned to sell AST Turkey, a stainless
steel service center in Gebze, Kocaeli, to local company Sarıtas Įelik.
- more
Outokumpu extends hot rolling procurement agreement with
AM/NS - Outokumpu, a leading stainless steel manufacturer in Europe
based in Finland, has reached a long-term extension negotiation ... - more
Indonesia's nickel output seen at 1.65-1.75 mln T in 2023 - govt
official - Dec 6 (Reuters) - Indonesia's output of nickel products in
2023 is expected to reach 1.65-1.75 million metric tons, a government
.... - more
London Metal Exchange studies nickel sulphate contract amid rising
EV battery demand - The London Metal Exchange (LME) is studying a
nickel sulphate contract, an exchange official said on .... - more
Courtesy AISI - In the week ending on December 2, 2023,
domestic raw steel production was 1,702,000 net tons while the
capability utilization rate was 74.1 percent. Production was 1,589,000
net tons in the week ending December 2, 2022 while the capability
utilization then was 71.2 percent. - more
China Metals Firms See US Rules Unlikely to Upend Supply Chains - Chinese
firms producing and processing battery materials see new US rules aimed
at limiting Beijing’s grip on the electric-vehicle industry.... - more
Other News
El Niņo continues; positive IOD likely past its peak. - more
Economic Stats and Prices (posted in Friday edition)
Nickel closed Monday's trading
session at $7.58/lb ($16,720/tonne). Indicators at 5:50 am CST today show
nickel trading around $.13/lb
lower. Stockpiles of nickel stored in LME licensed warehouses fell
slightly on Monday and started today's session just over the 46,200
tonne level. Stockpiles rose 1,530 tonnes in November, about the same
gain as they recorded in October. Cancelled warrants are running in the
6% range. Nickel prices continue to fall, and no one should really be
surprised. Here
are your average costs for November, as compared with October. Nickel -
$7.70/lb compared to $8.28/lb , Ferrochrome - $5.00/lb compared to
$4.95/lb, Molybdenum - $18.36/lb compared to $21.18/lb. Lot of news
this morning so we leave you with it. Stay safe out there and have a
great Tuesday!
Average price of LME traded cash nickel
so far this month
- $7.49/lb
Reports
Reuters metals morning - Base metals largely fall on steady dollar - more
Monday's market review - Copper and nickel prices retreat amid
reassessment of Fed rate cuts - Copper and nickel prices have taken a
step back as investor optimism about potential Federal Reserve... - more
ING Report - Nickel’s under performance to continue -
Nickel has been the worst-performing metal on the LME so far this year with prices down around 45%..... - pdf here
Russia's Nornickel raises forecasts for global nickel surplus,
palladium deficit - "Due to the continuing destocking cycle in the EV
supply chain, a greater share ...- more
Chinese nickel miners in Indonesia face threat from falling prices
- A nickel rush in Indonesia by Chinese mining companies over the last
decade may come to a halt as falling prices for the metal used .... - more
European HRC producers continue pushing up prices - The
European hot-rolled coil market was largely quiet on Friday December 1,
with new offers from producers not sealed in deals, sources told
Fastmarkets. - more
Gupta asks court to lift freezing order in Trafigura nickel fraud
case - Indian businessman Prateek Gupta asked a London judge on
Tuesday to lift a freezing order on his personal and business assets
... - more
Eurofer decries EU delay on Russian steel sanctions -
Prolonged delays in enforcing EU sanctions on Russian steel semis
contributes to unfair competition and would serve to empower President
Vladimir .... - more
Other News
Ford Takes Stake in Indonesia Nickel Project - more
Mining Giant Vale Says China Can't Control the Price of Iron Ore - more
Multiple attacks reported on shipping by Houthi drones and missiles in Red Sea - more
Nickel closed Friday's trading
session at $7.73/lb ($17,035/tonne). Indicators at 6:00 am CST today show
nickel trading around $.18/lb
lower. Stockpiles of nickel stored in LME licensed warehouses fell on
Friday and started this trading week just under the 46,250 tonne level.
Shanghai nickel fell to 128,460 y/t. Volatility is back as the bears
and bulls play tug of war with the trading price. The current battle
appears to be over the $17,000 tonne level, but so far, the bulls goal
of holding this level appears to be weak and less than successful.
Since nickel did fall to the $16,000 tonne level in late November, we
see that as the level the bulls may have a better chance of defending.
Stay safe out there and have a great week!
Average price of LME traded cash nickel
so far this month
- $7.55/lb
Reports
Reuters metals morning - Copper eases from near-four month peak as dollar climbs - more
Friday's market review - METALS-Strong Chinese data,
weaker dollar drive copper to almost four-month high - Copper prices
rose to an almost four-month high on Friday, on track for a third week
of consecutive .... - more
FACTBOX - Nickel index providers turn to Indonesia as
output grows - -The China-based Shanghai Metals Market (SMM) on
Friday launched several nickel indices for Indonesia, the latest
price... - more
Fitch sees industrial metal prices falling in 2024, gold
set to rise - Industrial metal prices should fall next year as
lower global economic growth drags on demand .... - more
Nickel ore processing plant that will supply Tesla
strikes deal to spend $115M in federal funds - Developers of a proposed
nickel ore processing plant in North Dakota that would supply electric
automaker Tesla.... - more
Vale Base Metals on the hunt for a new CEO - Deshnee
Naidoo is stepping down as chief executive officer for Vale Base Metals
(VBM), effective next March 31. - more
HKEX and LME look to tap ‘incredible opportunities’,
restore confidence after winning legal battle over nickel trades - It
is time to look forward to the incredible opportunities ahead and the
key role that the LME .... - more
Europe is ‘miles behind’ in race for raw materials used
in electric car batteries - EU and UK carmakers have secured just 16%
of lithium, cobalt and nickel needed to hit 2030 targets, says study - more
Other News
U.S. Navy Destroyer Shoots Down Three Drones in Red Sea, Pentagon Says - more
Economic Stats and Prices (posted in Friday edition)
Nickel closed Thursday's trading
session at $7.56/lb ($16,670/tonne). Indicators at 6:00 am CST today show
nickel trading around $.06/lb
higher. Stockpiles of nickel stored in LME licensed warehouses fell
slightly on Thursday and started the final trading day of the week just
over the 46,300 tonne level. Shanghai nickel fell to 129,380 y/t
overnight. Nickel is up slightly this morning in otherwise quiet
trading - i.e less volatile. Elon Musk delivered some of his stainless
steel cyber trucks yesterday, a day after telling major X advertisers
to go "f- themselves", and two weeks after his SpaceX rocket exploded
after take-off. The cyber truck production is plagued with delays as
well. Elon has been good for the stainless steel industry, with free
advertisement for the metal. However, there is a vast difference
between building things and running social media. One can tell a
supplier to go away, but one should not admit that a boycott has the
potential to bankrupt the company and then tell those who have
temporarily boycotted you, to go screw themselves. Then again, if X
goes bankrupt its a mere $44 billion dollar loss for a man who can
obviously afford it. Maybe December will be a better month for the man
and his companies. It's a new month and the final month of 2023. If you
had anything on your goal list to accomplish, or bucket list to
experience, you have 31 days to get-er-done. Stay safe out there and
have a great weekend!
Average price of LME traded cash nickel
so far this month
- $7.70/lb (average November)
Reports
Reuters metals morning - Copper rises on weaker dollar, upbeat China data - more
Thursday's market review - Copper near 10-week high,
but China data weighs - Copper hovered near 10-week highs on Thursday
but weak Chinese manufacturing data and a stronger dollar ..... - more
LME passes 'the elephant test' in court's nickel ruling -
You could almost hear the collective sigh of relief at the London Metal
Exchange (LME) after the London High Court dismissed claims .... - more
HKEX and LME look to tap ‘incredible opportunities’, restore confidence after winning legal battle over nickel trades - more
Italy’s Assofermet on stainless steel: future is
uncertain, sustainability is crucial - Assofermet, the association
representing Italian distributors of scrap, has issued a press release
regarding the outcome .... - more
Market contraction weakens Italian stainless service centres: Assofermet - more
Stainless steelmakers reveal restructure plans
- Tens of thousands of tonnes of stainless steel production
capacity is set to be affected by the restructuring plans of major
steelmakers. - more
Tang Eng maintains individual negotiation way for Dec
offers again - Tang Eng Iron Works Co., Ltd., one of Taiwan's main
stainless steel manufacturers, announced today (November 30) that the
.... - more
European prices for long rolled steel continue to rise
despite the start of winter - The reason for the increase was
limited supply from manufacturers due to a series of planned service
stops. - more
Other News
ArcelorMittal stops production of steel pipes in Poland - more
Euro zone factory downturn eased a touch in November - PMI - more
Tesla delivers about a dozen stainless steel Cybertruck pickups as it tries to fix production woes - more
Economic Stats and Prices (posted in Friday edition)
(all
ton listings are metric tons = 2204.622 pounds ) Updated Monday thru
Thursday before 7 am CST, Friday version before 8 am CST - DisclaimerOriginal content and opinions copyright
www.estainlesssteel.com. All
prices shown on
this page are indications only. Please note - for real time and
official LME
prices, LME requires a user subscribe to an authorized LME vendor.
Daily Nickel/Stainless Steel Briefing 
($16,765/tonne). Indicators at 6:00 am CST today show
nickel trading around $.10/lb 
Reports
Shanghai Metals Market
London Metals Market
Low Battery Metal Prices Set to Persist in 2024, Adding
Friction to Energy Transition - Prices for metals used in batteries
swooned in 2023, as rising supply and weak demand drove lithium to its
cheapest level ... - 
Jindal Stainless to raise cold-rolling capabilities with
acquisition of RVPL - The board of directors of Jindal Stainless
Limited (JSL), the largest stainless steel manufacturer in India, has
approved the .... - 
Courtesy AISI - In the week ending on December 23,
2023, domestic raw steel production was 1,693,000 net tons while the
capability utilization rate was 73.7 percent. Production was 1,576,000
net tons in the week ending December 23, 2022 while the capability
utilization then was 70.6 percent. - 
Other News
Слава Україні! - 
($16,910/tonne). Indicators at 6:00 am CST today show
nickel trading around $.06/lb 
Merafe Resources media release - Shareholders of the
Company are advised that the European benchmark ferrochrome price for
the first quarter of 2024 has been settled at 144 US cents per pound, a
decrease of 5.9% from the fourth quarter of 2023. 
The EU hot-rolled steel market will enter 2024 with weak
demand, higher production and uncertainty over trade measures -
European hot rolled coil prices showed signs of recovery towards the
end of 2023.... - 
November 2023 crude steel production
- World
crude steel production for the 71 countries reporting to the World
Steel Association (worldsteel) was 145.5 million tonnes (Mt) in
November 2023, ..... - 
Tesla Cybertruck deliveries hostage to battery
production
hell - Elon Musk says prototypes are easy, production is hell. And when
it comes to the long-awaited Cybertruck, Tesla's hell is its pioneering
4680 battery. - 
We would like to thank the sponsor for our news page for
2023
and announce the site sponsor for 2024. They are the one and the same,
PA Inc of Houston, Texas. 
Chronicle of Shortages Foretold: A Continental Corridor
for Critical Minerals is Urgently Needed - Demand for critical minerals
is expected to surge on a path to net zero. - 
Finland’s Outokumpu to invest in pelletizing plant for
biocoke production - Finland-based stainless steel producer Outokumpu
has announced that it has decided to invest approximately 30
million Euro ... - 
Australia deems copper, nickel strategic, opens funding
pathway - Australia has opened a door to government funding for copper
and nickel projects, putting them on a list of materials deemed
essential .... - 
Nornickel joins stainless steel factory project, aims to
increase nickel sales - Russian mining and metals giant Nornickel has
decided to join a project to build a plant producing stainless steel
products in Russia, ... - 
Statement by Solway Investment Group on the decision by
the Inter-American Court of Human Rights on Guatemala indigenous land
rights concerning its two nickel mine companies - 
South Korea’s stainless steel CRC imports grow in Jan-Nov
y-o-y - According to statistics from the Korea Iron and Steel
Association (KOSA), South Korea imported a total of around 317,000 tons
of cold-rolled .... - 
Australia's Pacific Nickel Mines to load first Ni cargo - Australian
producer Pacific Nickel Mines will load its first shipment of 60,000t
of nickel ore to mining firm Glencore next week. - 
Watch: Our top calls for metals in 2024 - 
German steel market expects prices to strengthen,
inventory to remain low: survey - German steel traders and
producers unanimously expected steel prices to strengthen during
December as mills ... - 
India Review on Subsidy Taxes for Stainless Steel
Welded
Pipes from Vietnam - The Ministry of Industry and Trade has just
announced receiving information from India's Directorate General of
Trade .... - 
New Abaxx exchange to launch nickel sulphate
futures in
Q1 2024 - "First trade is now expected over the next few months," said
Josh Crumb, CEO of Canadian-listed Abaxx Technologies Inc... - 
UNESID: Spanish steel output decreases in
January-September - According to the Spanish steelmakers association
UNESID, in September this year Spain\u2019s steel production totaled
1,016,000 mt,.... - 
Trader Trafigura Targeted by US and Swiss Over Corruption - Trafigura
Group and one of its longstanding top executives have been charged over
allegations of bribing public officials in Angola,.... - 
