Daily Nickel/Stainless Steel Briefing 

• Nickel closed Thursday's trading session at $7.20/lb ($15,865/tonne). Indicators at 5:30 am CST today show nickel trading around $.02/lb  lower. Stockpiles of nickel stored in LME licensed warehouses rose on Thursday and started today's session reading just shy of the 195,000 tonne level. Shanghai nickel rose to 1126,650 y/t overnight. Nickel is trading lower this morning, possibly because of a faltering Euro. Time to thank our 2025 news page sponsor, PA Inc. If you have requirements for pipe and pipe fittings in high nickel content materials, please visit PA Inc by clicking the link above. Cutting this briefing a little short as I am down under the weather. Stay safe out there, have a great weekend, and we hope to see you next month!
• Average price of LME traded cash nickel so far this month - $6.92/lb
  

    Thursday's market review - US copper futures rise as tariff worries mount - U.S. copper prices extended gains on Thursday, outperforming the London benchmark as worries about US import tariff plans inflated ... - more

   Taiwan’s Yusco raises 304 prices by NT$1,000/ton for Mar - Yieh United Steel Corp. (Yusco), a leading stainless steel manufacturer in Taiwan, announced a hike in the price of 304 cold-rolled and hot-rolled ... - more

   Stainless Steel Inventory Continues to Build Up, Demand Awaits Release - On February 27, the stainless steel futures market saw a tug-of-war between longs and shorts, while spot inventory continued to build ... - more

   Nickel Bulls Give Up the Ghost - The nickel market is in the middle of a massive market glut and the listing of new brands by the LME has encouraged a flood of metal to appear on exchange. - more

   Chinese nickel processors face troubles in Indonesia - Operational challenges, protests, and nickel prices drop have disrupted production at multiple Chinese-run nickel processing plants. These, together with ... - more

   Next-gen stainless steels delivers machining efficiency, process reproducibility - Swiss Steel Group has introduced UGIMA-X, the third generation of high-machinability stainless steels.The latest generation i.... - more

  Economic Stats and Prices (posted in Friday edition)

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Wednesday's trading session at $7.07/lb ($15,585/tonne). Indicators at 6:00 am CST today show nickel trading around $.13/lb higher. Stockpiles of nickel stored in LME licensed warehouses jumped on Wednesday and started today reading just under the 193,800 tonne level. Shanghai nickel bumped to 125,570 y/t overnight. Nickel is trading above its recent trend today. Your author is suffering from an incredibly painful bout of prostatitis this morning and will be heading to the doctor in a few hours. It is our full intention to update tomorrow but just in case we don't, that is what is going on. Stay safe out there and have a  great day!!
  
• Average price of LME traded cash nickel so far this month - $6.91/lb

    Wednesday's market review - US copper jumps as Trump moves on copper tariffs - US copper prices surged on Wednesday after President Donald Trump moved closer to imposing tariffs on imports, while a ... - more

   EU import quotas create uncertainty, drive up steel prices - According to the report, the European Commission (EC) intended to adjust import quotas to reduce the impact of imports on the European Union (EU)... - more

   Cleveland-Cliffs turns to net loss in 2024 - US-based mining and natural resources company, Cleveland-Cliffs Inc., has reported its results for the fourth quarter and the full year of 2024. In the fourth quarter, ... - more

• Earnings Release - pdf here

   How Indonesia's Nickel Dominance & Western Security Concerns Are Reshaping Investment Opportunities - The nickel market is currently trading sideways (around $15,400/ton range), with direction expected ... - more

   Zimbabwe moves up the line to heavy industry  - Zimbabwe is now moving rapidly towards becoming one of the top major heavy industrial centres in Africa and the future African Continental Free Trade Area as it ... - more

   Other News

• USW: Chinese Attacks on Shipbuilding Industry Require Strong Remedies - more
• U.S. Imports from China Have Fallen by Less Than U.S. Data Indicate - more

  Economic Stats and Prices (posted in Friday edition)

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Tuesday's trading session at $6.95/lb  ($15,325/tonne). Indicators at 5:50 am CST today show nickel trading around $.06/lb  higher. Stockpiles of nickel stored in LME licensed warehouses fell on Tuesday and started today reading just over the 192,100 tonne level. Shanghai's May nickel contract slipped to 124,130 y/t overnight. Nickel is trading higher this morning, with bulls attempting to get the trading price back to the $15,500 tonne trend line. Next week, the following tariff's are set to begin in the U.S. March 4th - 25% on all goods from Canada and Mexico, except 10% on energy from Canada. March 4th - 25% on all global steel and aluminum imports. No date yet - Reciprocal tariff's in development. Started earlier this month - 10% tariff on all imports from China. This list does not include retaliation tariff's on imports 'from' the U.S., nor does it include other possible tariff's that the Administration has mentioned are possible. Lots of news today. Stay safe out there and have a great hump day!
• Average price of LME traded cash nickel so far this month - $6.91/lb
  

    Tuesday's market review - LME copper edges down - Copper prices edged down in London on Tuesday after US President Donald Trump reiterated his import tariff plans for Canada and Mexico while the market ... - more

    January 2025 crude steel production - World crude steel production for the 69 countries reporting to the World Steel Association (worldsteel) was 151.4 million tonnes (Mt) in January 2025, a 4.4% decrease ... - more

   Sumitomo cuts nickel output forecast in Madagascar due to system glitches - Japanese trading house Sumitomo Corp on Monday slashed its output estimate of nickel at its Ambatovy project in Madagascar ... - more

   China’s Nickel Dominance: 2025 Expert Guide to Global Supply - China's strategic dominance in global nickel supply has been under intense scrutiny as markets adjust to rapid electrification and sustainability ... - more

   Indonesian nickel production capacity to grow significantly by 2027, says official - Indonesian nickel production capacity is set to grow significantly in the two years to 2027, Septian Hario Seto, a member of ... - more

   Japanese Strategic Partnership Backs Australia's Largest Nickel-Cobalt Project - Ardea Resources (ARL) is advancing the Goongarrie Hub, part of the Kalgoorlie Nickel Project, which contains 4.1 million tons of ... - more

   90 FR 10623 - Stainless Steel Flanges From India: Final Results of Countervailing Duty Administrative Review; 2022 - more

   Ukraine and US agree to minerals deal ahead of Zelensky Washington visit - The US and Ukraine have agreed to the terms of a rare earth minerals deal after days of tension between Donald Trump and ... - more

   In Brazil, mining giant Vale is sued over metal contamination found in Indigenous peoples - Brazil’s Federal Prosecutor’s Office is suing the giant mining company Vale, the Brazilian government and the Amazon ... - more

   Other News

• Walmart warns of a slower 2025. That’s a bad sign for America’s economy - more
• Alcoa warns Trump’s aluminum tariff could cost 100,000 US jobs - more
• Supercharging Distributor Inside Sales Teams with AI - more
• Where Federal Workers Are Being Laid Off - more
• Musk underwater in public opinion, 2 polls show - more
• House GOP budget resolution on thin ice as conservatives dig in on opposition - more
• House passes GOP budget bill in key step for Trump agenda - more

  Economic Stats and Prices (posted in Friday edition)

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Monday's trading session at $7.04/lb  ($15,510/tonne). Indicators at 5:50 am CST today show nickel trading around $.09/lb lower. Stockpiles of nickel stored in LME licensed warehouses fell slightly on Monday and started today reading just under the 192,650 tonne level. Shanghai nickel slipped to 123,930 y/t overnight. We are switching to the Shanghai May contract tomorrow and it reads 124,350 y/t today. The bears are pulling nickel lower this morning, but they may want to be careful. The bulls have been trying very hard to push nickel out of its trend around the 15,500 tonne level and today's slide, may turn out to be a trap for the shorts. The fundamentals are offering little help for the bulls, and the uncertainty surrounding a possible trade war, has nickel traders sitting on their hands. Media is reporting this morning that President Trump told reporters yesterday the Canadian and Mexican 25% tariff's will be reinstated next week. We will have to wait and see but if it does happen, nickel will be among many things crossing the border that will be a lot more expensive. Why on one hand U.S. leaders claim we need more metals for industry and national defense, while on the other hand, they flip the bird to our closest ally and most reliable supplier of nearly all the metals we will ever need, is very difficult to comprehend. Stay safe out there and have a great Tuesday! 
  
• Average price of LME traded cash nickel so far this month - $6.91/lb
  

    Monday's market review - Copper prices slip on tariff threat and Chinese inventories - Copper prices slipped on Monday as traders focused on U.S. President Donald Trump’s tariff threats and changing demand ... - more

    Specialty Metals Report For Stainless, Modest Growth Is The Expectation - A banner year is not in the cards for the stainless steel market in North America, but growth should be the expectation. - more

   China's grip on global nickel supply tightens with Anglo sale - Anglo American's, opens new tab sale of its Brazilian nickel business to China's MMG Ltd, opens new tab is a corporate win-win. - more

• Demand Shows No Improvement; Stainless Steel Market Sees Lackluster Sales - more

   The EU may even more limit steel imports after the US decision on tariffs - The European Union is considering the possibility of further restrictions on the import of steel to protect its domestic market. - more

   New mining law “threatens academic independence, prolongs fossil fuel dominance” - The recently approved revision of the Mining Law by the House of Representatives (DPR) has sparked concerns among ... - more

• Indonesia's Merdeka Battery to build $1.8 billion nickel HPAL plant - more

   Other News

• Mnangagwa To Preside Over Ground-breaking Ceremony For US$3.6 Billion Industrial Park - more
• Mass deportations could disrupt US food supply chain, experts say - more
• Manuel Valls in New Caledonia: war of words and clashes over independence talks - more
• Will the Trump Tariffs Put an End to Nearshoring in Mexico? - more
• U.S. votes against UN resolution condemning Russia for Ukraine invasion - more
• Trump says tariffs on Canada and Mexico ‘will go forward’ - more
• Treasury sets March 21 deadline for millions of businesses to report ownership information or risk fines of $10,000 or more - more

  Economic Stats and Prices (posted in Friday edition)

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Friday's trading session at $7.04/lb ($15,515/tonne). Indicators at 6:00 am CST today show nickel trading around $.02/lb  higher. Stockpiles of nickel stored in LME licensed warehouses rose sharply on Thursday and then retreated slightly on Friday to end the week just over the 192,800 tonne level. Shanghai nickel ticked higher to 125,460 y/t overnight. News was very light over the weekend. Nickel continues to trade rangebound. 
• Comment - So who could be hurt the most by a possible Philippine nickel ore export ban? Possibly the country they are trying to copy, but not in the way one might think. From Reuters November 2024 article (here), "Indonesia's imports of nickel ore surged to 9.3 million metric tons in the first 10 months of 2024, more than 50 times the imports in the same period last year, the statistics bureau said earlier this month". Indonesia is not only the worlds largest producer of nickel (by far - source), but the 8th largest importer of nickel ore, nearly all of which comes from the Philippines. We have theorized in the past that the reason Indonesian smelters are required to import nickel ore, is the nation's reserves are not as large as the government has reported, and the real reason the government takes its time issuing mining permits, is they want to slow down the depletion rate. The Philippines has witnessed the success the 2020 Indonesia ban has been for that country, and after years of talking about duplicating it, the new government is considering implementing a similar ban. In our opinion, any anti-China motivation (source) could prove detrimental to the future success of this plan, as Indonesia has been very successful in its implementation thanks primarily to its cooperation 'with' China and the latter's investment.  
  
• Average price of LME traded cash nickel so far this month - $6.91/lb
  

    Friday's market review - Copper slips on worries about China demand, tariffs - Copper prices retreated on Friday on concern about demand in China after inventories rose and uncertainty over possible U.S. tariffs. - more

   Stainless steel plate prices rise in Europe - The European stainless steel plate market is showing signs of a slight recovery. European steel mills have increased delivery prices for April shipments, with delivery ... - more

   US manufacturers see higher metal prices as tariffs near - The price of the steel Glen Calder buys for his small machinery factory in South Carolina has spiked over 15% in the last two weeks, while Brian Nelson’s ... - more

 Electric vehicle adoption is stumbling, but still growing amid geopolitical clashes - Trump wants to disincentivize EV purchases in the U.S., and sales in Europe declined in 2024, but in China and the rest of the ... - more

• Battery metal rout set to force unprofitable miners to cut costs - more
• Base Metals Get Electric Boost - more
• China January 2025 - more

   Other News

• New Indonesia sovereign wealth fund to invest $20 billion in projects - more
• What is the future of procurement? - more
• U.S. border towns feeling anxious amid Canada's homegrown boycott on American travel - news video here
• Newspaper: Trump to order hostile takeover of US Postal Service - more

  Economic Stats and Prices (posted in Friday edition)

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Thursday's trading session at $7.10/lb ($15,660/tonne). Indicators at 6:25 am CST today show nickel trading around $.07/lb lower. Unable to furnish stockpile numbers this morning and we apologize for that. We will catch you up on Monday. Shanghai nickel slipped to 124,000 y/t overnight. The see saw, up and down motion of nickel trading continues and yesterday's mini bounce has evaporated this morning. Stay safe out there and have a great weekend!
  
• Average price of LME traded cash nickel so far this month - $6.91/lb
  

    Thursday's market review - Most metals climb as Trump signals new trade deal with China - Most metals rose as US President Donald Trump signalled a new trade deal with top consumer China, while aluminium ...- more

   China’s stainless steel market growth driven by rising ferronickel prices - Although the stainless steel market was affected by Trump's tariff adjustment this week, buyers remained a wait-and-see attitude and the ... - more

   FeNi supply to tighten against nickel oversupply by 2025 - On February 18, 2025, Minmetals Resources Limited announced an agreement to acquire 100% of Brazil Nickel from Anglo American plc for a ... - more

   Chromium concentrate price rises on stainless steel market recovery - The global stainless steel industry is experiencing an increase in demand for high-grade chromium ore, driven by a recovering international ... - more

   Philippines suspends 2 nickel mines, halts permits - The Philippines has ordered the suspension of operations at two nickel ore mines for environmental violations and halted the issuance of exploration permits .... - more

   Vale logs loss on Canada impairments, but analysts welcome share buyback, dividends - Brazilian miner Vale, opens new tab reported on Wednesday a $694 million loss in the fourth quarter, missing estimates .... - more

   US defense think tank warns of China’s grip over Indonesian nickel industry - More than 75% of the nickel refining capacity in Indonesia, home to the biggest reserves of this critical mineral, is controlled by ... - more

  Economic Stats and Prices (posted in Friday edition)

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Wednesday's trading session at $7.00/lb ($15,430/tonne). Indicators at 5:45 am CST today show nickel trading around $.09/lb higher. Stockpiles of nickel stored in LME licensed warehouses rose sharply again on Wednesday and started today reading just under the 192,200 tonne level. Shanghai nickel jumped to 126,140 y/t overnight. Nickel is trading higher this morning, but well within its recent trend lines. A Chinese nickel company is in financial trouble and may be forced to shut down its Indonesia operation and tensions continue to simmer in the South China Sea between Philippine and Chinese navies, civilian boats and aircraft as both traverse disputed territory. Neither should be have any effect on nickel prices but worth mentioning as they both supply a lot of nickel.  Stay safe out there and have a great day!
  
• Average price of LME traded cash nickel so far this month - $6.90/lb
  

    Wednesday's market review - Aluminium hits one-month high as EU envoys agree ban on Russian aluminium imports - Aluminium prices hit one-month highs on Wednesday as EU envoys agreed to ban Russian ... - more

   Stainless steel sector ‘cautious’ amid tariffs, capacity overhang: BIR - Stainless steel markets worldwide started 2025 “cautiously” with a “huge capacity overhang” in Asia, the Brussels-based Bureau of International ... - more

   BIR: Chinese stainless steel exports keep squeezing EU producers’ margins - According to a report on the stainless steel market published by the Bureau of International Recycling (BIR), despite a slight increase ... more

   India: Ferro chrome prices rise w-o-w on tight supply, market eyes OMC chrome ore auction outcome - Indian high-carbon ferro chrome (HC60%, Si:4%) prices experienced an uptick of INR 1,000/tonne   ... - more

   S. Africa's Sibanye signs chrome pact with Glencore amid platinum price slump - Diversified miner Sibanye Stillwater, opens new tab said on Wednesday it had reached a chrome management deal with ... - more

   Indonesia's PT Gunbuster Nickel Industry Faces Imminent Shutdown - A major nickel smelter in Indonesia, PT Gunbuster Nickel Industry, is teetering on the brink of full closure just months after the collapse ... - more

   Nickel is down, but far from out — why the nickel market is stronger than you think - Nickel demand is surging, driven by its critical role in electric vehicle (EV) batteries, stainless steel, and defense applications. ... - more

   Top leadership changes in New Caledonia's nickel stakeholder - French mining giant Eramet has announced major changes in its leadership.The company is a major stakeholder in New Caledonia's nickel industry,... - more

   Other News

• 'Stagflation' fears haunt US markets despite Trump's pro-growth agenda - more
• Gold hits record high as Trump tariff concerns mount - more

  Economic Stats and Prices (posted in Friday edition)

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Tuesday's trading session at $6.98/lb  ($15,385/tonne). Indicators at 5:50 am CST today show nickel trading around $.02/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose on Tuesday and ended the day reading just over the 190,450 tonne level. Shanghai nickel increased to 123,830 y/t overnight. LME nickel continues to go no where fast, which can be a very good thing for stainless steel producers and down stream markets. Chrome prices are slipping, which is putting negative pressure on stainless steel prices globally. Tariff's, tariff's and more threats of tariff's seem to be keeping the markets intimidated, and the uncertainty of what lies ahead continues to hang like a dark cloud over the trading floors. And one more thing. Canada would like to send a warning to any American thinking of moving there (video here). Stay safe out there and have a great hump day! 
  
• Average price of LME traded cash nickel so far this month - $6.90/lb
  

    Tuesday's market review - Copper dips on firmer dollar, Ukraine uncertainty and tariffs - Copper prices dipped on Tuesday, pressured by a stronger dollar, potential U.S. tariffs and uncertainty surrounding talks ... - more

    Mining stoppage adds to Eramet’s New Caledonia woes - Eramet subsidiary SLN’s nickel mining operations in northern New Caledonia have been suspended, adding to difficulties at the loss-making business that ... - more

    BIR: Chinese stainless steel exports keep squeezing EU producers’ margins - According to a report on the stainless steel market published by the Bureau of International Recycling (BIR), despite a slight increase .... - more

    Taiwan’s MOEA confirms injury to domestic industry in AD sunset review on cold-rolled stainless steel imports from China & South Korea - Taiwan's Ministry of Economic Affairs (MOEA) yesterday reviewed the ... - more

    Trump’s EV policy shift sparks concerns for Indonesia’s nickel industry, SE Asia’s supply chain - U.S. President Donald Trump’s policy in revoking electric vehicle (EV) incentives raises concerns on the impact to ... - more

• Jatam slams nickel mining policies, citing social and environmental costs - more
  

    GRAPH: The critical minerals to watch in the US - Statements that Trump’s plans to make Canada the 51st state is all about metals and minerals, a deal for Ukraine’s rare earths (now rejected) being included in... - more

    Chinese scientists create new superconducting material based on nickel - It makes nickel just the third class of materials to achieve this feat above the threshold of minus 233 degrees Celsius at ‘normal’ pressure - more

   Other News

• All the metals we mined in one visualization - more
• US tariffs on steel imports may have a ripple effect – Metinvest - more
• China condemns Trump's 'tariff shocks' at WTO, US hits back - more
• Major risks loom as Trump upends US Russia policy - more
• Trump signs order to claim power over independent agencies - more
• Zelenskyy hits back at Trump's comments, says Ukraine is not for sale - more

  Economic Stats and Prices (posted in Friday edition)

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Monday's trading session at $7.04/lb  ($15,520/tonne). Indicators at 5:45 am CST today show nickel trading around $.08/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose sharply on Monday and ended the day reading just over the 189,500 tonne level. Stockpile numbers have gained over 12,500 tonnes since last Monday. Shanghai nickel slipped to 123,730 y/t overnight. Nickel is trading lower this morning, something it has been doing for much of 2025, although it typically does not end as low as it drops early on. In fact there have been a few times, it opened lower but ended the day higher. Busy news day with Anglo American apparently getting out of the nickel business. Stay safe out there and have a great day!
  
• Average price of LME traded cash nickel so far this month - $6.98/lb
  

    Monday's market review - Copper falls as short-covering evaporates - Copper prices fell on Monday after investors and traders completed rolling forward positions ahead of a contract expiry this week. - more

    Jindal Stainless foresees benefits brought about by US new tariffs - Jindal Stainless, a leading stainless steel manufacturer in India, foresaw an opportunity from the US' 25% tariffs on all steel and aluminum ... - more

    BIR World Mirror on Stainless Steel & Special Alloys – Quarterly Report February 2025 - A fresh chapter in the global tale of mounting protectionism has been written with the announcement of US import tariffs .... - more

    Aperam's stainless and electrical steel deliveries rebound in Q4 q-o-q - Aperam, a stainless steel manufacturer headquartered in Luxembourg, said its stainless and electrical steel deliveries rebounded by 2.6% ... - more

    Anglo American to sell nickel business for up to $500 million - Anglo American, opens new tab said on Tuesday it will sell its nickel business to a unit of Hong Kong-listed MMG Ltd, opens new tab for up to $500... - more

    Miners not 'losing sleep' over Trump's tariff threat, but hope it can resolve permit delays - Some Canadian miners say they won’t be “losing sleep” over the possibility of tariffs being levied by the United States on ... - more

    Indonesia amends mining law to boost access, support processing - Indonesia's parliament on Tuesday passed a bill to revise the country's mining law, aimed at boosting development of domestic mineral ... - more

• The Nickel-based Industrial Paradox: Indonesian Resources, Chinese Profits - more
  

    Matthieu Jehl appointed president of Outokumpu’s Stainless Europe Business Line - Outokumpu Corporation has announced the appointment of Matthieu Jehl as President of its Stainless Europe business line. - more

    Ukraine’s Zelenskiy wants to discuss with US fate of minerals in areas held by Russia - Ukraine and the United States need to discuss the fate of mineral deposits in areas captured by Russia, Ukrainian President ... - more

    Courtesy AISI - In the week ending on February 15, 2025, domestic raw steel production was 1,670,000 net tons while the capability utilization rate was 75.0 percent. Production was 1,726,000 net tons in the week ending February 15, 2024, while the capability utilization then was 77.7 percent. - more

   Other News

  Economic Stats and Prices (posted in Friday edition)

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Friday's trading session at $7.03/lb ($15,505/tonne). Indicators at 6:00 am CST today show nickel trading around $.03/lb  lower. Stockpiles of nickel stored in LME licensed warehouses rose on Friday and ended last week reading just shy of the 184,700 tonne level. Shanghai nickel fell to 123,860 y/t overnight. Nickel is lower this morning, with the bulls able to close at the $15.500 tonne level on Friday. This continues, at least for now, to be the ground the bears and bulls fight over. We added to our Friday only Economic Stats, a link to the U.S.Treasury Yield Curve (here).  The reason this could be worth watching is that a drop in this curve has accurately forecast the last six recessions (see here).  We supply this link, as well as other economic links on Friday, so you are better informed about what the future could "potentially" hold. Some economists have been forecasting a recession since mid last year, and while there has been evidence of a bumpy ride ahead, the economy has yet to take a detour down the recession road. Inflation is another story. While the Fed wants us to think its nearly under control, AAA reports the average price of gas had risen $.50/gallon since the new administration took office. You can expect to see new fuel surcharges in the near future, as diesel is up $.605/gallon in the last 3 weeks, and a Canadian 25% tariff could drive prices higher, since we get 60% of our oil from Canada. And of course, inflation is another, albeit less reliable, indicator for past recessions (chart here). At least north of the equator, spring is right around the corner and hope 'for better times ahead' springs eternal. Busy news and report day so we leave you to it. Stay safe out there and have a great week!
• Average price of LME traded cash nickel so far this month - $6.91/lb
  

    Friday's market review - Copper falls after hitting three-month high - Copper prices fell after hitting their highest in more than three months in London on Friday as US retail sales data missed expectations, ... - more

    India mandates the imported stainless steel pipes possess BIS certification - According to the report, the Indian Department for Promotion of Industry and Internal Trade (DPIIT) has mandated that stainless ... - more

    Posting the Canadian flag and wishing our northern "neighbors" and most reliable (for now) source of nickel, a somewhat belated Happy Flag Day!

    Outokumpu slows investment plans amid weak stainless steel market - Finnish company Outokumpu has announced the suspension of its investment plans in the United States and in nuclear power in Finland. - more

    Indonesia Approves RKAB for 63 Nickel Mines in Southeast Sulawesi - Indonesia Approves RKAB for 63 Nickel Mines in Southeast Sulawesi] Muhammad Hasbullah, Head of the Mineral and Coal Division... - more

    Aperam’s stainless steel deliveries fall on year in 4Q - Luxembourg-based global stainless steel producer Aperam's stainless and electrical steel shipments fell on the year in the fourth quarter owing to a sharp .... - more

    Nickel miners see ore export ban hurting PHL standing as supplier - NICKEL PRODUCERS said on Tuesday that the government should focus on easing the mining permit process and reduce production costs ... - more

    Trump tariffs spark 'exciting time' for Ohio steel plant as CEO eyes adding jobs, boosting productivity -  President Donald Trump’s tariffs will be a boon for an Ohio-based steel mill and its employees, the CEO of ... - more

• ArcelorMittal plans $1.2B Alabama steel plant - more
  

   Other News

• Zelensky Refuses to Sign Rare Earths Deal with US: Media - more
• Fury as German man moves to USA and experiences work culture shock - more
• Trump orders reciprocal tariffs on all countries - more

  Economic Stats and Prices (posted in Friday edition)

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Thursday's trading session at $6.99/lb  ($15,405/tonne). Indicators at 5:20 am CST today show nickel trading around $.05/lb  higher. Stockpiles of nickel stored in LME licensed warehouses rose sharply for a third time this week on Thursday and started today reading just over the 183,850 tonne level. Shanghai nickel rose to 124,690 y/t overnight. After slipping early on Monday, nickel has gone no where fast this week, with traders digesting news from the Philippines on a possible export ban, versus a surge in LME nickel stockpiles, all overshadowed by a new U.S. administration handing out tariff's globally. Except for a handful of slight intrusions, nickel has traded below the $16,000/tonne level since mid November 2024, and above the $15,000/tonne level, and most of that time above the $15,500/tonne level. This week, the $7/pound level has  appeared to offer security. Nickel is trading slightly higher this morning, possibly playing catchup with a Euro that has been working its way higher most of the week. And that is it, as the first half of February draws to a close on Valentine's Day. Stay safe out there and have a great weekend!.  
• Average price of LME traded cash nickel so far this month - $6.90/lb
  

    Thursday's market review - Aluminium prices range bound as traders assess trade war risks - Aluminium prices were rangebound on Thursday as traders gauged the potential risks of a global trade war following ... - more

    Stainless steel market bullish on tight raw material supply - Affected by the tight supply of raw materials in the mining sector, the stainless steel market is bullish, driving up the market price in China, with both ... - more

    Outokumpu financial statements release 2024 -....  - (excerpt) Stainless steel demand in Europe was historically low. We maintained our leadership, securing the top market position in Europe and second place in .. - more

• Stainless steel maker Outokumpu drops US investment due to unpredictability - more

   Other News

• Trump signs a plan for reciprocal tariffs on US trading partners, ushering in economic uncertainty - more
• Trump’s steel tariffs to put Taiwan on equal footing: Association - more
• Remembering Bob Kierlin the Innovator Who Transformed the Fastener Industry - more
• Section 232 Steel Tariffs Change on March 12 - more
• US government begins wave of mass firings as Trump, Musk purge federal workers - more

  Economic Stats and Prices (posted in Friday edition)

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Wednesday's trading session at $7.00/lb ($15,440/tonne). Indicators at 6:00 am CST today show nickel trading around $.05/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose by one of those double take amounts on Wednesday and started today's session reading near the 180,900 tonne level. Yes, that's a near 5,100 tonne gain for a single day. Shanghai nickel slipped to 124,280 y/t overnight. Nickel continues to slide, most likely on fundamentals (yes, we can be accused of being old and naive and think supply and demand still matters) and geopolitical uncertainty. The tariff's already in place and the threat of tariff's and reciprocal tariff's hang a huge cloud over global market and traders loath not knowing what might be coming next. In other news, we understand the Amish lottery is up to 4 dozen eggs. Stay safe out there and have a great Thursday!
  
• Average price of LME traded cash nickel so far this month - $6.91/lb
  

    Wednesday's market review - Copper creeps higher on tighter supplies, aluminium loses ground - Copper prices edged higher on Wednesday on tighter supplies, while aluminium retreated due to profit-taking ... - more

    China: Ferro chrome prices climb up w-o-w post-Lunar New Year holidays -  China's ferro chrome prices strengthened w-o-w, with high-carbon and medium-carbon witnessing an uptick. However, steel mill .... - more

    Stainless steel market bullish on tight raw material supply - Affected by the tight supply of raw materials in the mining sector, the stainless steel market is bullish, driving up the market price in China, with both ... - more

• Nickel & stainless steel markets face uncertainty on Philippine export bans & US tariffs - more
  

    Stainless steel industry expresses concern over US decision to impose tariffs - The Indian stainless steel industry has expressed concern over the US administration's tariff-related announcement, saying the .... - more

• Indian stainless steel industry likely to suffer setbacks from proposed US tariffs - more

     Richards Bay Alloys closes ferrochrome smelter plant - Richards Bay Alloys cites rising rising costs for electricity and labour among reasons for permanent closure of its ferrochrome smelter - more

    Can Indonesia reply to global nickel demand without destroying its environment? - Indonesia is making the most of its nickel ore reserves and has invested in developing a home-grown industry. The success story... - more

   Other News

• Critical minerals is a meaningless term, needs new definition and strategy: Russell - more
• Is It Made of Metal? It Could Get More Expensive Under Trump’s Latest Tariffs - more
• Trump Causing 'A Lot Of Cost And A Lot Of Chaos' In Auto Market: Ford CEO - more
• Tesla Drivers Are The Worst In The Country: Study - more (or is it the Autopilot?)
• Trump reciprocal tariffs could come by Thursday, White House says - more
• European powers demand seat at table in Ukraine talks - more
• Why Trump wants to buy Greenland — and how much it could cost - more

  Economic Stats and Prices (posted in Friday edition)

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Tuesday's trading session at $7.05/lb ($15,550/tonne). Indicators at 6:00 am CST today show nickel trading around $.07/lb  lower. Stockpiles of nickel stored in LME licensed warehouses fell sharply on Tuesday and started today reading just over the 175,800 tonne level. Shanghai nickel slipped to 124,550 y/t overnight. Nickel traders have turned so bearish that a rising Euro this week appears to be offering little assistance to the bruised bulls. That isn't saying we might not see a catch up play in the works, but at least for the time being, the bears are controlling the story. Time to rant about something we are seeing on the news all the time. Please tell your parents, your spouse and your kids - If anyone ever calls them and claims to be law enforcement or a member of any government agency, local, state or federal, or medical service, who wants them to pay a fee or fine by gift card or cyber currency like Bitcoin - it is a fraud. If they want to come to the house and pick up cash, it is a scam. No matter how much they threaten, no matter how sweet they might be, no matter what they sound like, it's a scam. Period. End of story - and end of rant. Stay safe out there, have a great day, and feel free to pay for your subscription to this page with a gift card.  :-)
• Average price of LME traded cash nickel so far this month - $6.91/lb
  

    Tuesday's market review - Aluminium, copper retreat on fears that tariffs will hit growth - Aluminium and copper prices retreated on Tuesday as investors worried that new U.S. tariffs and a potential global trade war ... - more

    Nickel Prices Plunge in 2025: Can Demand Revive the Market by 2030? - Nickel—a vital component for stainless steel and electric vehicle (EV) batteries - is facing a challenging period in 2025. Supply-demand ...- more

    China’s stainless steel crude steel output declines in Jan, with increased planned output in Feb - Statistics showed that China’s 43 stainless steel mills produced around 2.86 million tons of stainless steel crude ... - more

    Philippine nickel output seen to grow by 15% this year - Despite global market headwinds, local nickel output is expected to rise by as much as 15 percent this year, driven by demand from steel production and... - more

• Nickel miners see ore export ban hurting PHL standing as supplier - more

  BYD #1 In World In Plugin Vehicle Sales In 2024 - (excerpt) Comparing 2024 with the 2023 ranking, the top two positions remained the same, but BYD increased its distance from Tesla — from 1 million units .... - more

   Other News

• David Rosenberg: The United States is blaming others for the financial mess it created - more
• The European Union will cancel the liberalization of quotas for the import of steel - more
• China targets US farm equipment with latest tariffs - more
• Trump Tariff Uncertainty Puts Businesses in a Bind - more
• Trump readies reciprocal tariffs as trade war fears mount - more
• How Trump's Metal Tariffs Could Eliminate 75x More US Jobs Than They Save - more

  Economic Stats and Prices (posted in Friday edition)

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Monday's trading session at $7.06/lb ($15,575/tonne). Indicators at 6:00 am CST today show nickel trading around $.13/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose early on Monday and started today reading just shy of the 177,000 tonne level. Shanghai nickel fell overnight to 124,760 y/t. Only days after one of the major metals analysts proclaimed that nickel bears were living on borrowed time and nickel could be heading to $20,000 tonne, nickel has turned sharply lower. To be fair, this site forecast nickel could be heading somewhere between $11,500 and $20,000, so they kind of covered all the bases. In the mean time, the bears are back and nickel is being dragged back toward the $15,000 tonne level. This isn't surprising as the recent bullish run showed little enthusiasm and showed signs of running out of gas last week. Stay safe out there and have a great day!
  
• Average price of LME traded cash nickel so far this month - $6.92/lb
  

    Monday's market review - London aluminium stuck in tight range amid US tariff worries - London aluminium traded in a tight range on Monday as investors weighed risks of a major global trade war after US ... - more

   China's Nickel Overcapacity Spurs Another Surge in Metal Exports - Chinese refined nickel exports could almost treble this year, as domestic overcapacity produces yet another glut of metal that will have to ... - more

   Glencore says closure of ferroalloy furnaces can be avoided - Glencore executive Japie Fullard said his company and joint venture partner Merafe Resources would seek a deal with the South African .... - more

   Miners slam proposed nickel ore export ban, citing threats to growth, jobs, investment - The Philippine Nickel Industry Association (PNIA) has expressed its opposition to the proposed ban on exporting raw nickel ... - more

• Philippine nickel sector urges Senate to reconsider raw mineral export ban - more

   Russia's Nornickel reports 37% drop in 2024 net profit - Russia's Nornickel, opens new tab, a major world producer of refined nickel and palladium, said its 2024 net profit fell 37% to $1.8 billion as Western ... - more

   Yusco expands into stainless steel BA & solar products, enhancing competitiveness - Yieh United Steel Corp. (Yusco), a leader in the stainless steel industry, has launched a new investment plan worth over ... - more

   Courtesy AISI - In the week ending on February 8, 2025, domestic raw steel production was 1,675,000 net tons while the capability utilization rate was 75.2 percent. Production was 1,726,000 net tons in the week ending February 8, 2024, while the capability utilization then was 77.7 percent. - more

   Other News

• Why Trump wants Canada's wealth of critical minerals - more
• China Imposes Retaliatory Tariffs on US - more
• EU readies response as Trump hikes steel and aluminium tariffs - more

  Economic Stats and Prices (posted in Friday edition)

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Friday's trading session at $7.16/lb ($15,775/tonne). Indicators at 5:50 am CST today show nickel trading around $.01/lb lower. Stockpiles of nickel stored in LME licensed warehouses went unchanged to end last week and remain reading just over the 175,700 tonne level. Shanghai nickel rose to 127,680 y/t overnight. LME nickel has traded quietly so far this morning, much like it did to end last week. The Philippines is trying to give nickel a boost, with some officials saying their government will follow Indonesia lead in banning nickel ore exports. Tis is not a done deal and the earliest the government can vote on it is June and the bill includes a five year grace period for current nickel mines. In other words, even if it passes, nothing will happen anytime soon. Stay safe out there and ave a great week!   
  
• Average price of LME traded cash nickel so far this month - $6.90/lb
  

    Friday's market review - Copper prices hit three-month high - Copper prices hit their highest levels in three months on Friday and were heading for their biggest weekly gain since September, as the return of top ... - more

   Philippines Poised to Ban Raw Ore Exports, Sparking Debate - The Philippine Congress is on the verge of ratifying a landmark bill that would ban the export of raw mineral ores. Senate President Francis Escudero ... - more

• Nickel prices maintain momentum on Philippines export ban bill - more

   Struggling EU steel market braces for disruption after Trump tariff threats - Steel market participants in Europe have given mixed reactions to renewed threats from US President Donald Trump to slap tariffs on ... - more

• EUROFER: steel demand forecast to recover by 3.8% in 2025 - more
• The European Union will cancel the liberalization of quotas for the import of steel - more

   Other News

• Trump to announce 25% steel and aluminum tariffs in latest trade escalation - more
• Canada seeks stronger EU trade ties in face of Trump tariffs - more
• US flu rate at or near highest level in over 15 years, CDC says - more
• Factbox-What are Ukraine's rare earths and why does Trump want them? - more
• Trump says he has directed US Treasury to stop minting new pennies, citing rising cost - more

  Economic Stats and Prices (posted in Friday edition)

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Thursday's trading session at $7.16/lb  ($15,790/tonne). Indicators at 6:00 am CST today show nickel trading around $.01/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose sharply on Thursday, and totals now read just over the 175,700 tonne level. Since China reopened for business on Wednesday, stockpiles have risen over 3,100 tonnes. Shanghai nickel stepped back to 127,190 y/t overnight. Nickel is lower this morning as we report, but the trend this week has been higher. No real reason can be found looking from the fundamentals angle, but there were some trading signals sent on early that may have kick started a fund driven buying spree, How long that lasts will depend largely on what kind of market signals the trading algorithms send. Yes, trading is largely controlled by computers and with the increasing popularity of artificial intelligence running things, we are entering largely uncharted waters ahead. Stay safe out there and have a great weekend!
  
• Average price of LME traded cash nickel so far this month - $6.86/lb
  

   Thursday's market review - Base metals post gains - Prices of base metals rose on Thursday as the dollar retreated, while investors looked for any developments on the latest trade war between the United ... - more

   Stainless Steel Spot Prices Rose After the New Year, Inventory Accumulation Was Lower Than in Previous Years [SMM Analysis] - This week, stainless steel spot prices showed an overall upward trend. As of ... - more

   China's Yongjin Group to begin construction of precision stainless steel mill in Thailand, strengthening Southeast Asian presence - As one of the most important stainless steel mills in China, Yongjin Group, after... - more

   LX International seeks to acquire nickel, copper mines in Indonesia - LX International Corp., the trading unit of South Korea’s LX Group, said on Friday it is seeking to acquire a nickel mine and a copper mine in ... - more

   Declawing China’s Minerals Weapon - No one is more aware of our mineral vulnerability than China. Again and again, when confronted with U.S. efforts to counter its unfair trade practices, China responds by ... - more

   Steel Shipments Down 3.6 Percent in 2024 - The American Iron and Steel Institute (AISI) reported today that for the month of December 2024, U.S. steel mills shipped 7,145,016 net tons, a 0.9 percent increase ... - more

   Other News

• Reforming the commodity derivatives regulatory framework - pdf here
• Pennsylvania thieves haul away precious loot: 100,000 eggs - more
• Making sense of Trump’s new trade war - more
• Trump imposes sanctions on International Criminal Court - more

  Economic Stats and Prices (posted in Friday edition)

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Wednesday's trading session at $7.06/lb  ($15,575/tonne). Indicators at 5:45 am CST today show nickel trading around $.07/lb higher. Stockiles of nickel stored in LME licensed warehouses rose sharply on Wednesday and now reads just over the 173,550 tonne level. Shanghai nickel jumped overnight, to 127,400 y/t. Nickel started today's trading jumping sharply higher, but has since mellowed to a more realistic bump. The Euro is down today so this is adding some negatie pressure on an otherwise bullish commodity board. Stay safe out there and have a great Thursday
  
• Average price of LME traded cash nickel so far this month - $6.76/lb
  

     Wednesday's market review - Copper gains while aluminium retreats on concern about more supply - Copper prices edged up to their highest in more than a week on Wednesday on a softer dollar while aluminium ... - more

   Nickel Price Forecasts: Key Trends Affecting Prices in 2025 - From a peak in 2022 to a four-year low at the end of 2024, the key battery metal nickel price has been on a roller-coaster ride. In the year 2025, the ... - more

    Maharashtra government & VPPL reach agreement to set up stainless steel plant in Palghar - The Maharashtra government has signed an INR 12,000 crore Memorandum of Understanding (MoU) with Viraj ... - more

   CSLPC: China's steel PMI contracts further in Jan - China's Purchasing Managers' Index (PMI) for the steel industry declined for the third consecutive month in January, settling at 43.3%, a 4.2 percentage point ... - more\

• Stainless Steel Inventory During Chinese New Year Shows No Significant Increase Compared to Previous Years; Post-Holiday Prices May Face Relatively Small Pressure [SMM Analysis] - more

   3D Printing with Stainless Steel - Over the last 100 years, stainless steel has played a vital role in many industries ranging from nuclear energy and healthcare, to several domestic appliances that are commonly ... - more

   Other News

• How Is Inconel Made and Where Did It Come From? - 8:25 video here
  

  Economic Stats and Prices (posted in Friday edition)

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Tuesday's trading session at $6.93/lb  ($15,285/tonne). Indicators at 5:40 am CST today show nickel trading around $.02/lb  higher. Stockpiles of nickel stored in LME licensed warehouses went unchanged on Tuesday and still read just shy of the 172,600 tonne level. Shanghai nickel resumed trading overnight and fell to 1213,240 y/t, playing catch up to LME's dip over the past week. Nickel is quiet this morning, while the Euro is trading positive as well. Here are your average prices for January compared to December - Nickel - $6.97/lb compared to $7.02/lb; Chrome - $5.20/lb compared to $5.60/lb; Molybdenum - $21.20/lb compared to $21.75/lb. China is open for business again, so LME inventory numbers could turn active again. Stay safe out there and have a great hump day!
• Average price of LME traded cash nickel so far this month - $6.76/lb
  

    Tuesday's market review - LME copper hits one-week high after Trump pauses tariffs - LME copper prices touched a one-week high on Tuesday, recovering from a sharp retreat in the previous session, after .... - more

    Stainless steel melt shop production increases by 5.4% in the first nine months of 2024 - The world stainless association has released figures for the first nine months of 2024, showing that stainless steel melt ... - more

    EU mills want stainless price rises after slow January - European stainless steel producers are targeting higher sales prices despite struggling to fill their February and March order books in a slow start to 2025. - more

• SMR Stainless Club: CBAM uncertainties mount for stainless steel importers - more

• Indonesia’s nickel sector faces headwinds from Trump’s electric vehicle curbs - more

   Aluminium is base metals analysts' bull pick for 2025 - Aluminium is expected to be the top performer among the London Metal Exchange (LME) base metals pack in 2025, with analysts forecasting a supply shortfall ... - more

   China hits back at US tariffs with mineral export curbs - China unveiled a series of retaliatory measures against the United States on Tuesday, including restrictions on the export of five critical metals used in  ... - more

   Other News

• Trump says he wants Ukraine to supply US with rare earths - more
• China Seeks Closer Relations With US Allies Amid Trump's Return - more

  Economic Stats and Prices (posted in Friday edition)

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Monday's trading session at $6.90/lb ($15,210/tonne). Indicators at 5:45 am CST today show nickel trading around $.05/lb v lower. Stockpiles of nickel stored in LME licensed warehouses ticked higher on Monday and started today's session reading just under the 172,600 tonne level. Shanghai markets will reopen tomorrow (tonight). The up and down continues with President Trump delaying his tariff's against Canada and Mexico for thirty days, and China retaliating against the 10% across the board tariff put in place against them. It also added five more minerals to those it has placed export restrictions on, including molybdenum. Nickel is trading lower this morning even though the Euro is higher. Lots of reports issued yesterday, and we post them as they might give some of you an idea of what the overall economy is doing, and potential problem areas building. As we have told our long time readers, one of the old time economic indicators was to watch where cardboard sales and fastener sales were heading since nearly every manufacturer uses both. Since every Amazon order uses cardboard boxes these days the numbers are somewhat skewed now, but old habits die hard, so we post them as well as many others. If they do not interest you they take up space on our daily page once a month. Stay safe out there and have a great Tuesday!
  
• Average price of LME traded cash nickel so far this month - $6.76/lb
  

    Monday's market review - Base Metals Erase Losses as Traders Weigh Scope of Trump Tariffs - Industrial metals from copper to aluminum erased losses as uncertainty swirled surrounding the scope of President ... - more

   Merafe Resources warns of ferrochrome furnaces closures amid ongoing market challenges - Merafe Resources has warned that it might begin to suspend certain of its ferrochrome furnaces in May 2025, which ... - more

   Ferrochrome producer in multi-million dollar expansion drive - Gweru-based Chinese ferrochrome producer Jinan has embarked on an expansion drive to improve its furnace to produce high grade ferrochrome and ... - more

   Courtesy AISI - In the week ending on February 1, 2025, domestic raw steel production was 1,656,000 net tons while the capability utilization rate was 74.4 percent. Production was 1,643,000 net tons in the week ending February 1, 2024, while the capability utilization then was 73.9 percent. - more

   Other News

• U.S. Tariffs on Mexican Imports are Paused for a Month - more
• Trump pauses Canadian tariffs for 30 days in deal with Trudeau - more
• China hits back with levies on US products after Trump's tariffs take effect - more
• What are five new critical metal exports restricted by China? - more

  Economic Stats and Prices (posted in Friday edition)

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Friday's trading session at $6.91/lb  ($15,240/tonne). Indicators at 6:00 am CST today show nickel trading around $.08/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose on Friday and ended January reading near 172,500 tonnes. That is a gain of 10,026 tonnes during the month of January. Shanghai markets remain closed for holiday. A trade war began over the weekend, with the U.S. President deciding the trade agreement he renegotiated with Canada and Mexico and signed 5 years and 5 days ago, was apparently not good enough and slapped them both with 25% tariffs. Nickel was one of the exports from Canada into the US that Canadian Prime Minister Justin Trudeau mentioned when he announced retaliatory tariff's. Our government talks about securing minerals for the future, but of two neighbors who already produce nickel, we either refuse to trade with one, ie Cuba, or now want to penalize, ie Canada. Go figure. Stay safe out there and have a great Monday, week, and month!
  
• Average price of LME traded cash nickel so far this month - $6.98/lb (avg January)
  

    Friday's market review - Aluminium and copper prices fall on potential Trump tariffs - Aluminium and copper prices fell in London on Friday under pressure from a stronger dollar as global markets braced for ... - more

   Taiwan’s Yusco raises 304 prices by NT$1,000/ton for Feb - Yieh United Steel Corp. (Yusco), a leading stainless steel manufacturer in Taiwan, announced the new price adjustment of its stainless steel products ... - more

   Facing challenges, how would nickel companies fare in the future? - Slow nickel demand from China, the biggest global nickel importer, poses certain challenge for exporters like Indonesia. - more

   EU’s AD measure on hot-rolled stainless steel from Indonesia, Taiwan, China to expire in Oct 2025 - The European Commission announced that the anti-dumping (AD) duties on hot-rolled stainless steel sheets ... - more

   Trump imposes tariffs on Canada, Mexico and China... -   President Donald Trump on Saturday signed an order to impose stiff tariffs on imports from Mexico, Canada and China — fulfilling one of his  ... - more

• Canadian Tariffs Will Undermine U.S. Minerals Security - more
• These numbers show how Trump’s tariffs will hit Canada - more
• Trudeau hits back at the U.S. with big tariffs after Trump launches a trade war - more
• Mexican president orders retaliatory tariffs on U.S. after Trump imposes 25% duty - more
• Trump vows to launch trade war on EU - more
• (5 years and 5 days ago) President Donald J. Trump’s United States-Mexico-Canada Agreement Delivers a Historic Win for American Workers - more

   Importance of Certification in Industrial Stainless Steel Products - Industrial stainless steel products are commonly used in construction, food processing, chemical production, and other sectors where quality ... - more

   Other News

• Demand for copper, nickel, rare earths, lithium to quadruple by 2040, report says - more
• China is quietly seizing financial control of critical minerals... - more
• Elon Musk's 'Fork in the Road' email - online here

  Economic Stats and Prices (posted in Friday edition)