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Thursday, January 28
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$3.93/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.04/lb lower and
trending lower, Stockpiles of nickel stored in LME licensed warehouses rose
on Wednesday and now total 451,500 tonnes. Cancelled warrants continue to
run in the high 30's range. LME nickel stockpiles are less than 20,000 tonnes
shy of their all time high, and considering the mine closures on the books,
is a concerning development. Our next update will be Monday, February 1.
Have a safe and relaxing weekend.
Average price of cash nickel so far this month - $3.84/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Emerging Markets Advance, Gold Falls as Fed Acknowledges Risks -
more
Chinese fastener exporters moving into diversified markets to avoid trade
disputes -
more
NAS Press Release
- For the month of February 2016, North American Stainless will lower the
fuel surcharge to 15% for stainless flat and long products. The surcharge
rate is considered a maximum level for February and will be reviewed monthly.
-
more
Kambalda
job losses make for sombre 50th anniversary of nickel discovery - As nickel
miners across Western Australia continue to warehouse their assets, the
Goldfields town at the heart of the state's original nickel boom is quietly
marking its 50th anniversary. -
more
Ramu mine
workers want executive out and better safety standards - More than 600 workers
at Ramu nickel’s Kurumbukari mine in Madang went on a strike over the
weekend to have the mine management address issues. -
more
Glencore
gets Sudbury extension - Sudbury's second largest mining company, Glencore's
Sudbury Integrated Nickel Operations, has received approval to exceed emission
standards while it upgrades its Falconbridge smelter. -
more
Anglo
American boosts iron ore output thanks to Minas-Rio - Global mining company
Anglo American produced more iron ore last year after increased production
at its Minas-Rio mine in Brazil offset lower output from its Kumba subsidiary
in South Africa. -
more
Anglo's Kumba Iron Ore to Cut 3,900 Jobs After Prices Plunge -
more
Nickel
mine revival to gobble $60m - The upgrading of Munali Nickel Mine’s
processing facilities is expected to cost about US$60 million to start producing
a maximum of 5,000 tonnes of nickel annually, company chief operating officer
Craig Bailey has said. -
more
Newly-listed
Jindal Stainless (Hisar) aims to close FY16 at 12% EBITDA margin - Newly-listed
Jindal Stainless (Hisar) is aiming to close 2015-16 (Apr-Mar) at 12 percent
earnings before interest tax depreciation and amortisation (EBITDA) margin
by focussing on strong-margin yielding value added products which will also
allow the company to overcome the disadvantage it draws from high logistical
costs. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Wednesday, January 27
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$3.95/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.02/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Tuesday and now total
just shy of 450,200 tonnes. Another nickel mine in Australia closes, while
others continue to lose money. Nickel followed oil north today, but
is maintaining today, while oil falls.
Average price of cash nickel so far this month - $3.84/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Oil Drops With European Stocks, Apple Suppliers; Euro Bonds Gain -
more
Nickel
price bloodbath in WA as Mincor, Panoramic announce closures - The sustained
decline in the nickel price has forced three more West Australian operations
into suspension at the cost of more than 100 jobs, as the toll of the price
crash mounts. -
more
Island
of Nickel Losing Money as World's Mines Shun Output Cuts - On a remote island
in the Pacific Ocean, mine owners like Glencore Plc and Vale SA are losing
money on every ton of nickel they unearth in what amounts to a contest to
see who can endure the agony longer. -
more
Ramu NiCo
staff told to resume work - The Department of Labour and Industrial Relations
has advised all Ramu NiCo employees to resume work immediately because they
failed to follow industrial relations processes and procedures. -
more
Russia’s
Norilsk Nickel may partake in Global Palladium Fund - The board of directors
of Russian metals giant Norilsk Nickel will study participation of its affiliate
Norilsk Nickel (Cyprus) Limited in the Global Palladium Fund L.P. on February
1, the company said in a statement. -
more
MOE gives
Glencore 10 years to meet new nickel emission limits - Another Sudbury smelter
won't have to meet stricter nickel emissions standards that are set to take
effect this summer. -
more
Courtesy AISI
- In the week ending January 23, 2016, domestic raw steel production was
1,670,000 net tons while the capability utilization rate was 69.8 percent.
Production was 1,807,000 net tons in the week ending January 23, 2015 while
the capability utilization then was 76.4 percent. The current week production
represents a 7.6 percent decrease from the same period in the previous year.
Production for the week ending January 23, 2016 is up 1.1 percent from the
previous week ending January 16, 2016 when production was 1,652,000 net tons
and the rate of capability utilization was 69.1 percent.
Life in
the freezer: Inside the northernmost city on Earth whose residents endure
- 55°C temperatures and two months of total darkness every year - Isolated,
polluted and – above all – cold, it is a city built on misery and
blood. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Tuesday, January 26
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$3.87/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.01/lb
higher, but struggling.
Stockpiles of nickel stored in LME licensed warehouses rose on Monday and
now total just over the 450,800 tonne level. With world markets apparently
shadowing oil these days, markets are slightly higher as oil jumps today.
Average price of cash nickel so far this month - $3.84/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(MB) Triland cuts 2016 base metals price forecast, especially bearish on
nickel
(Twitter) China Dec refined nickel imports up 554% y/y at 36,512 tonnes
Asian Stocks Follow Oil Lower as Chinese Shares Hit 13-Month Low -
more
Hundreds interested in refinery buyback - More than 900 people have
expressed interest in a possible community buyback of Queensland Nickel's
troubled Townsville refinery. -
more
Russia's
stainless steel imports in November 2015 - According to an estimate by SpetsStal
Association, the volume of Russian stainless steel import in November 2015,
compared with October, decreased by 14.5% to 21,204 tons. -
more
Russia's
stainless steel exports in November 2015 - According to an estimate by SpetsStal
Association, the volume of Russian stainless steel exports in November 2015,
compared to the previous month, rose by 32.0% to 462 tons. -
more
Vale
wins award for Long Harbour hydromet plant - Natural Resources, a magazine
covering mining, oil and gas, and renewable energy development and a sister
publication of Atlantic Resources, has named Vale’s nickel
hydrometallurgical plant in Long Harbour, NL, the first recipient of its
Industry Excellence Award. -
more
Clive
Palmer says Queensland Nickel entitlements not his responsibility - Clive
Palmer has declared he is not personally responsible for paying the redundancy
entitlements of the 237 workers sacked from his Townsville nickel refinery,
after preaching friendship, compassion and love at a citizenship ceremony.
-
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Monday, January 25
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$3.93/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading unchanged, having recovered
from earlier lows. Stockpiles of nickel stored in LME approved ware houses
fell on Friday and now total just over the 449,500 tonne level. Shanghai
Metals Market is reporting nickel ore inventories at six major Chinese ports
fell by 80,000 tonnes last week, and now total 8.84 million tonnes.
Average price of cash nickel so far this month - $3.83/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Crashing Commodities Are Saving China $460 Billion a Year -
more
Clive
Palmer and the nickel refinery collapse that wasn't - Clive Palmer could
walk away from the administration linked to his Queensland Nickel refinery
without losing the assets and leave creditors out in the cold. -
more
Australia's Palmer says he propped up Queensland Nickel refinery -
more
Price
Trend of Austenitic Stainless Sheets May Change by Baosteel's Price Rise
- According to information obtained by a source, China's Baoshan Iron &
Steel (Baosteel) raised its domestic prices of austenitic stainless steel
sheets by $50 per ton in dollar equivalent for February shipment. -
more
China to
cut crude steel production capacity by 150m tons: premier - Chinese Premier
Li Keqiang has reiterated the urgency and the government's resolve to cut
excess capacity in steel and coal industries, as the country strives to
restructure its economy. -
more
Ni Production
by Sherritt International, Canada in 2015 Is 80,976 Tons =Up by 16% from
prior year owing to boost from increase in production by Ambatovy JV = On
January 18, Sherritt International Corporation, Canada announced a brief
note on its production volume in the full year 2015 (January - December).
-
more
World crude
steel output decreases by -2.8% in 2015 - World crude steel production reached
1,622.8 million tonnes (Mt) for the year 2015, down by -2.8% compared to
2014. Crude steel production decreased in all regions except Oceania in 2015.
-
more
Norilsk
shifts focus to its own portfolio - Russia's Norilsk Nickel would look at
opportunities shaken loose by a weak global commodities market, but its own
portfolio of mines and internal prospects offer much better returns, says
chairman Gareth Penny. -
more
Charges
dismissed against Vale at Voisey’s Bay - A Newfoundland and Labrador
provincial judge has found that Vale did not violate the federal Fisheries
Act at its Voisey’s Bay nickel mine in October 2011. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Thursday, January 21
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$3.88/lb. Indicators
at 6:00 am CST today show 3 month nickel trading around $.01/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell slightly on Wednesday and
now total just over the 450,750 tonne level. Our next update will be Monday
- have a safe and relaxing weekend.
Average price of cash nickel so far this month - $3.82/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(BD) Citi's 2016 average nickel price forecast was dropped by 22 per cent
on Wednesday to just $US8450 a tonne, with analysts suggesting the price
would need to drop below $US8000 a tonne to "prompt a much needed supply
response".-
source
Europe Stocks Rise, U.S. Index Futures Pare Losses Before ECB -
more
Investec cuts
base metals forecasts, sees 'disincentive' prices - Investec has cut its
base metals price forecasts for 2016 and 2017, with zinc and nickel in particular
now seen sharply lower than in its previous report at the end of October.
-
more
Norilsk
Nickel sees metals prices staying low over medium term - Global metals prices
are likely to remain low in the medium term as it could take years for producers
to run out of financing for loss-making assets, the deputy CEO of Norilsk
Nickel, the world's No.1 nickel and palladium producer, told Reuters. -
more
Tough
start to 2016 for Aussie nickel miners predicted to continue - It's been
a rough start to 2016 for Australian nickel producers with low prices, job
cuts and mine closures across the nation. -
more
Shipment Declines
Continue in December - Shipments declined from 2014 levels in December for
both steel and aluminum in the U.S. and Canada at roughly the same rates
as last month. Inventory levels continue to decline, slowly coming into line
with current shipment levels. -
more
Australia's
South32 slashes debt to weather coal, metals slump - South32 Ltd has cut
net debt by about 70 percent since the end of June to $115 million, it said
on Thursday, shoring up the miner of coal and metals against shrinking earnings
from weaker output and plunging prices for most of its commodities. -
more
Market Trend
of Import of Ferroalloy as of 15 January 2016 = Prices of Ferro-Silicon and
Silicon metal rise sharply, and no realization sales can't be seen = The
market trend of import of ferroalloy as of 15 January 2016 is as follows.
-
more
I'll
tell truth on Qld Nickel soon: Palmer - Clive Palmer has promised to write
to every home in Townsville to "tell the truth" about what happened with
his struggling nickel refinery in the north Queensland city. -
more
Panoramic
halt raises questions - Shareholders in Panoramic Resources are holding their
collective breath after the nickel miner called a trading halt in its shares.
-
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Wednesday, January 20
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$3.91/lb. Indicators at
6:00 am CST today show 3 month nickel trading around $.01/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell on Tuesday and now total
just under the 451,000 tonne level. Nickel is slightly lower at the moment
and off earlier lows at around $.05/lb. Considering what world equity markets
are doing today, nickel is faring well so far. Asian markets ended lower,
European markets are down, and US futures are now trading well below the
'unofficial' bear market trigger point. Analysts can argue about whether
the Dow is in bear territory or not, but not many nickel watchers would describe
the last few years of nickel trading, as nothing but
grizzly.
Average price of cash nickel so far this month - $3.82/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(MB) Brazil-based nickel and cobalt producer Votorantim Metals will shut
down production from February 1....
Global Stocks on Brink of Bear Market as Oil Slides; Ruble Drops -
more
New Caledonia fears civil unrest after collapse of Clive Palmer's nickel
refinery - Nearly all of South Pacific territory’s income comes from
nickel exports and authorities say job losses and economic downturn could
cause political unrest -
more
Workers
sacked from Clive Palmer's Queensland Nickel plant offered $500,000 by Federal
Government - The Federal Government has offered $500,000 to help workers
sacked from Clive Palmer's troubled Queensland Nickel. -
more
Budget
recommendations from the Indian Stainless Steel Industry - Based on expectations
of 7-8% economic growth, the Indian stainless steel industry has made substantial
investments towards capacity expansion and modernization. -
more
Stainless
steel now obsolete: Chinese graduate designing stadium made entirely of bamboo
- While the rest of China's architects fool around, TU DELFT architecture
graduate Shen Chen is drawing up plans for the next Archiprix prize-winning
project: a portable stadium to be constructed entirely from bamboo. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Tuesday, January 19
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$3.89/lb. Indicators at
6:00 am CST today show 3 month nickel trading around $.05/lb
higher. Stockpiles
of nickel stored in LME approved warehouses rose sharply on Monday and now
total just shy of the 452,750 tonne level. We are now only 17,634 tonnes
shy of LME nickel's all time record high level. We have read no analyst that
is predicting stockpiles to grow this year, so a new record high this year,
could drop a few jaws. No one was predicting a new record high for 2015 either,
after Indonesia halted all exports of unprocessed nickel ore in January.
The market has, and continues to show, that it can surprise. US markets ended
the first two weeks of the trading year, dangerously close to a key bear
market level, and after a holiday yesterday, re-open today to positive futures.
CHina reported yesterday its manufacturing for 2015 grew at slower numbers
than expected and markets around the world, expect China to take further
stimulus efforts in teh near future. This is helping boost equity and commodity
markets - at least for today.
Average price of cash nickel so far this month - $3.81/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
China industrial output slows to increase of 5.9% -
more
European Stocks Snap 3-Day Decline as Commodity Producers Rally -
more
Global stocks rise as slowing China growth boosts stimulus prospects -
more
Stocks see biggest two-month rally on back of stimulus buzz -
more
Qld
Nickel 'lacks cash to pay out workers' - Clive Palmer's ailing nickel business
doesn't currently have the cash to pay out sacked workers' entitlements,
their union says. -
more
Sacked Queensland Nickel workers 'frustrated' over lack of information from
refinery -
more
Clive Palmer, Glenn Lazarus trade blows over Queensland Nickel donations
to PUP -
more
Courtesy AISI
- In the week ending January 16, 2016, domestic raw steel production was
1,652,000 net tons while the capability utilization rate was 69.1 percent.
Production was 1,807,000 net tons in the week ending January 16, 2015 while
the capability utilization then was 76.4 percent. The current week production
represents a 8.6 percent decrease from the same period in the previous year.
Production for the week ending January 16, 2016 is up 3.6 percent from the
previous week ending January 9, 2016 when production was 1,594,000 net tons
and the rate of capability utilization was 66.7 percent.
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Monday, January 18
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$3.81/lb. Indicators at
6:00 am CST today show 3 month nickel trading around $.07/lb
higher. Stockpiles
of nickel stored in LME approved warehouses rose on Thursday but fell more
on Friday and ended the week just over teh 433,650 tonne level. Shanghai
Metals Market reports nickel ore stockpiles held at six major Chinese ports
fell 300,000 tonnes last week to total 9.52 million tonnes. Nickel is getting
some support from Chinese government taking steps to support the yuan, the
trouble at a major nickel refinery in Australia, and fund re-indexing last
week. Cancelled warrants continue to total around 41%.
Average price of cash nickel so far this month - $3.80/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
An ugly start to what may be a brutal year for nickel producers: Andy
Home - If the first two weeks are anything to go by, this is going to be
an ugly year for nickel producers. -
more
Clive
Palmer's Queensland Nickel goes into voluntary administration - Clive Palmer's
Queensland Nickel has gone into voluntary administration, company directors
have announced. -
more
Queensland Nickel donated more than $288,000 to Palmer United Party before
sacking workers -
more
Queensland Nickel workers ‘victims of Clive Palmer’s political
ambitions’ -
more
Ni SUS Scrap
Purchase Price in January Starts with around JPY115,000 = Ni price shows
tapering down and is down by JPY5,000, and likely to be down again in latter
half of month = January purchase price of nickel-containing stainless steel
scrap (SABOT) by stainless steel mills in the Kanto are is around JPY115,000
per ton (delivered at factory), down by JPY10,000 from the former half of
December. (Hereinafter, the price is per ton) -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Thursday, January 14
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$3.76/lb. Indicators at
6:00 am CST today show 3 month nickel trading around $.07/lb
and still rising.
Stockpiles of nickel stored in LME approved warehouses fell on Wednesday
and now total just over the 433,950 tonne level. Nickel trading charts resemble
a mountain range tso far today, with the traded price of nickel up, then
down, then back up. As we publish this update, the price is climbing to its
highest peak of the session. Our next update will be Monday, January 18th.
Have a safe and enjoyable weekend.
Average price of cash nickel so far this month - $3.80/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Europe Stocks Circle Bear Market as Global-Growth Worry Persists -
more
Platts China
Steel Sentiment Index Remains at Low Level in January - Chinese steel market
participants expect new orders to remain subdued over January, though they
see some improvement in price levels for both long and flat steel products,
according to the latest Platts China Steel Sentiment Index (CSSI). -
more
Sumitomo
Corp withdraws forecasts - Sumitomo Corp withdrew its full-year forecasts
after booking a 77 billion (US$651 million) charge on its Ambatovy nickel
project in Madagascar, following a collapse in the price of the metal. -
more
Japanese
Traders Follow Sumitomo Lower as Writedowns Loom - Japan’s trading companies
fell after Sumitomo Corp. withdrew its full-year earnings forecasts because
of a 77 billion yen ($654 million) charge on its Ambatovy nickel project
in Madagascar, following a collapse in the price of the metal. -
more
Govt bats
for higher basic customs duty on steel products: Srcs - CNBC-TV18 learns
that the ministry may seek revision of basic customs duty between 10-25 percent,
where the tax levied on long products would be 10 percent and on flat and
stainless steel products would be 15 percent. -
more
How the U.S.
Mint could save $39 million on nickels and dimes - The change in your pocket
might soon get a makeover. As the cost of metals have risen in the last decade,
it’s become prohibitively expensive for the U.S. Mint to keep churning
out coins in their current iteration. (Fun fact: It costs more to produce
pennies and nickels than the coins are worth at face value). -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Wednesday, January 13
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$3.70/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.05/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Tuesday and now total
just over the 436,700 tonne level. Nickel traded at a new 12 year low yesterday,
but is slightly higher today. Interesting piece from the Bloomberg article
below about Russia Norilsk. "The Russian company that vies with Vale as
the biggest producer is budgeting for an average of about $9 000 a metric
ton in 2016, said two people familiar with the situation. The figure is 24%
lower than the average rate of $11 890 a ton in 2015, and shows Norilsk is
planning for the possibility that prices for the metal will fail to recover
after plunging by 47% in the past year to the lowest level since 2003."
Based on this article, Norilsk puts the 2015 average at $5.39/lb and is
forecasting $4.08/lb for 2016. IN another Bloomberg article linked below,
the author states "While forecasts have been slashed, nickel will average
$12,250 a metric ton in 2016, according to the median estimate of 16 analysts
compiled by Bloomberg."
Average price of cash nickel so far this month - $3.81/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(Tweet) HSBC says forecasts nickel prices of $9,250/t in 2016, $12,000/t
in 2017, and $14,000/t in 2018
(SSY) German crude steel production fell 8.3% year-on-year to its lowest
level since August 2009 in December at 3.0 Mt, according to data from WV
Stahl, the country's steel federation, reported by SteelFirst. Steel output
for the full year was down by 0.6% on 2014 at 42.7 Mt.
China Trade Surplus Swells as Exports Rise in Boost for Yuan -
more
China commodities
imports jump, but 2016 outlook mixed - China's commodity imports surged in
December as tumbling prices spurred opportunistic buying, but shipments of
some commodities are expected to start tapering off this year as slower economic
growth checks demand. -
more
Top nickel
producer said to budget for 24% lower price this year - When it comes to
metals prices, GMK Norilsk Nickel is preparing for the worst.-
more
Sherritt,
Sumitomo take $1.7 bln hit on Madagascar nickel mine - Canada's Sherritt
International Corp and Japan's Sumitomo Corp said on Wednesday they would
book more than $1.7 billion of losses on their Ambatovy nickel mine in
Madagascar, as prices at 12-year lows wreak havoc among miners. -
more
Stubborn Bulls
See Nickel Swinging to Best Metals Bet in 2016 - This year will be different.
That’s what some analysts are saying about the price of nickel, a metal
used in making stainless steel that was supposed to surge last year but instead
plunged to a 12-year low. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Tuesday, January 12
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$3.73/lb. Indicators
at 6:00 am CST today show 3 month nickel trading around $.01/lb
lower. Stockpiles
of nickel stored in LME approved warehouses rose slightly on Monday and now
total just under 437,350 tonnes. Nickel is trading at 2003 lows, same as
oil. Commodities are being hurt by a weakness in the Chinese economy, a stronger
Dollar, and in many cases, excess supply. Or - the perception thereof.
Average price of cash nickel so far this month - $3.83/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
European Stocks Rise as Commodities Pare Drop, China Stabilizes -
more
Pennies and nickels cost more to make than they're worth -
more
As industrial metals slide further, time to test the brakes: Andy Home -
For the suite of industrial metals traded on the London Metal Exchange (LME)
the new year has started off where the last one left off. -
more
Call
for New Caledonia nickel strategy - New Caledonia's truckers have called
on the president to convene talks about the future of the nickel sector which
is the backbone of the territory's economy. -
more
Export
Volume of SUS Products in November 2015 IS 68,364 Tons = Down by 20% from
prior month, and all exports to Asian region are down = The export result
of stainless steel products in November 2015 which was compiled by the Japan
Iron and Steel Federation based on the foreign trade statistics prepared
by the Ministry of Finance was 68,364 tons, grossly down by 20.2% from 85,715
tons in the prior month. -
more
Ramu NiCo
welcomes call on safety inspection - The developer of nickel/cobalt project
in Madang, Ramu NiCo Management (MCC) Ltd says the company strictly implements
world standard “Occupational Health and Safety Management Systems”
in compliance with PNG mining standards and procedures. -
more
Trade, Commerce and Industry threatens legal actions against Ramu Nickel
Mine -
more
China steel
industry body sees tougher times ahead - China’s steel consumption will
continue to fall in years to come while failure to eliminate excess capacity
prevents a swift turnaround for the troubled sector, according to an industry
association head. -
more
Courtesy AISI
- In the week ending January 9, 2016, domestic raw steel production was 1,594,000
net tons while the capability utilization rate was 66.7 percent. Production
was 1,807,000 net tons in the week ending January 9, 2015 while the capability
utilization then was 76.4 percent. The current week production represents
a 11.8 percent decrease from the same period in the previous year. Production
for the week ending January 9, 2016 is up 10.7 percent from the previous
week ending January 2, 2016 when production was 1,440,000 net tons and the
rate of capability utilization was 60.2 percent.
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Monday, January 11
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$3.86/lb. Indicators at
6:00 am CST today show 3 month nickel trading around $.07/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell on Friday and ended the
week just shy of the 437,050 tonne level. Shanghai Metals Market reports
stockpiles of nickel ore at six Chinese ports fell 150,000 tonnes last week
and now total 9.82 million tonnes. Market is quiet today as producers and
consumers of nickel alike try to figure out where the market may be heading.
One would like to think the market has bottomed out, but recent trades hint
otherwise.
Average price of cash nickel so far this month - $3.84/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Financial market turmoil not justified by economic trends -
more
China top
ten stainless steel plants in 2015 - China has produced about 21.44
million tons of stainless steel, which decreases by 2% than that of 2014.
-
more
Steel
Founders' Society Of America Casteel Reporter -
pdf
here
Victory
Nickel to be taken off Toronto Stock Exchange - The parent company of a local
drilling sand refinery is set to be taken off the Toronto Stock Exchange,
but is looking into an alternate listing on capital markets while restructuring
its debt. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Friday, January 8
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Thursday's trading session at
$3.81/lb. Indicators
at 6:00 am CST today show 3 month nickel trading around $.01/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Thursday and now total
just under the 438,600 tonne level. Cancelled warrants measured over 40%
for a third consecutive day. China gave up on their 'circuit breaker' idea
and markets around the world were watching if the Shanghai market would plunge
last night. It did not, and world equity markets are stabilizing this morning.
Nickel is trading dangerously low to its 2015 low. Have a safe and relaxing
weekend.
Average price of cash nickel so far this month - $3.85/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Shanghai
metals trade soars in 2015; nickel turnover beats LME - Base metals trade
on the Shanghai Futures Exchange (SHFE) surged 76 percent in 2015 as investors
sought ways to bet against China's economy and domestic smelters increased
their hedging to offset losses in a year when metals prices slumped. -
more
Queensland
Nickel: Insolvency experts engaged as Clive Palmer, Clive Mensink issue
statements - Businessman-turned-politician Clive Palmer’s embattled
nickel refinery is seeking advice from insolvency experts in a desperate
bid to keep open, State Government officials have been told. -
more
China's state
stockpiler may buy copper and nickel, sources say - The mainland's commodity
stockpiler is working on plans to buy about 300,000 tonnes of copper and
up to 150,000 tonnes of nickel nest year to take advantage of weak international
prices, said three sources with knowledge of the matter. -
more
Miner
banks on Bots nickel - Australian miner Botswana Metals has said preliminary
results from ongoing exploration works at the Maibele North nickel project
indicated the existence of significant resources. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Thursday, January 7
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$3.93/lb . Indicators
at 6:10 am CST today show 3 month nickel trading around $.13/lb
and getting dangerously
close to 2015's trading low of $3.77/lb. Stockpiles of nickel stored in LME
approved warehouses fell on Wednesday and now total just over the 438,800
tonne level. China's bear run continued overnight, with trading once again
halted to keep the plunge damage in check. And once again, nervous markets
around the world, are down in concern. Nickel is trading much lower this
morning, after a late day spike yesterday. As we mentioned earlier in
the week, index re-weighing begins tomorrow and will run all next week. It
is possible we could see nickel attract some buying interest next week, but
that remains to be seen. In the mean time, Dow futures are down 2.2% at the
moment, so it looks to be an ugly day on Wall Street as well.
Average price of cash nickel so far this month - $3.87/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Stranded Chinese investors breathe fire as stock market shuts down again
-
more
Export Volume
of SUS Products in November 2015 IS 68,364 Tons = Down by 20% from prior
month, and all exports to Asian region are down = The export result of stainless
steel products in November 2015 which was compiled by the Japan Iron and
Steel Federation based on the foreign trade statistics prepared by the Ministry
of Finance was 68,364 tons, grossly down by 20.2% from 85,715 tons in the
prior month -
more
Qld govt
ready to help nickel workers - Queensland's government hopes Clive Palmer
can keep his troubled nickel refinery open, but is on standby to look after
workers if it closes. -
more
Embattled Queensland Nickel vows to meet next payroll -
more
Insolvency experts called in to Clive Palmer nickel refinery -
more
Miner
banks on Bots nickel - Australian miner Botswana Metals has said preliminary
results from ongoing exploration works at the Maibele North nickel project
indicated the existence of significant resources. -
more
Water shortages pose grave risk to mining - Water availability and
the quality of water stood out as major concerns in South Africa, following
the recent release of the seventh edition of SA Mine by PricewaterhouseCoopers
(PwC). -
more
Steel firms
surge on premier's call - Share prices of beleaguered coal and steel companies
surged on Wednesday after Premier Li Keqiang vowed steps to cut overcapacity
and overcome nagging problems. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Wednesday, January 6
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$3.87/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.01/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Tuesday and now total
just over the 440,350 tonne level. Cancelled warrants climbed sharply overnight
and now stand at 40.45%. Someone just bought a lot of nickel - will it be
for physical use or is a trading house betting a market move? Either way,
it has increased traders interest in nickel this morning.
Average price of cash nickel so far this month - $3.89/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(SSY) Daily crude steel output at China Iron and Steel Association member
mills slipped to 1.57 Mt in the period 11-20 December, according to data
from the industry association reported by U-metal. This is the lowest production
rate of 2015 and compares with a year-ago level of 1.78 Mt/day.
Why China should just let the stock market crash -
more
New
Caledonia Nickel Company Asked To Appear Before Congress - A New Caledonian
party has invited the head of the SMSP nickel company Andre Dang to discuss
in Congress the company's financial situation. -
more
Further
woes for New Caledonia nickel industry - Nickel producers in New Caledonia
have suffered setbacks amid this week's massive stock market decline in China.
-
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Tuesday, January 5
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$3.86/lb. Indicators
at 6:00 am CST today show 3 month nickel trading around $.04/lb
higher. Stockpiles
of nickel stored in LME approved warehouses rose slightly on Monday and now
total just over the 441,500 tonne level. The first trading day of the new
year was unkind to all but those trading short, with the Chinese equity market
taking a 7% bath, and the rest of the world chasing the negative trend. Nickel
was caught up in the sell off as well. The Chinese government took steps
too stabilize their stock market earlier today, and markets around the world.,
including commodities, are in a much better mood today. Nickel continues
to trade in a narrow channel.
Average price of cash nickel so far this month - $3.86/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Metals
Rebound From Biggest Drop in 3 Months as China Intervenes - Copper climbed
the most in two weeks and nickel gained after China sought to support its
stock market following Monday’s rout that sent metal prices tumbling.
-
more
Indonesia
Mulls Pushing Back Metal Concentrate Export Rules - Indonesia may relax rules
on the export of metal concentrates following the collapse in metals prices,
while keeping a ban on raw ore shipments, according to Energy and Mineral
Resources Minister Sudirman Said. -
more
Cohesion
policy is important in our world – the Finnish example - When we talk
about building a better world we tend to automatically think about environment
and foreign and security policy: however cohesion policy (structural funds)
also has an important role to play and should not be forgotten. -
more
Botswana
Metals set to enhance nickel potential at Maibele North - Botswana Metals
is on track to benefit on the back of a Prefeasibility Study for the Maibele
North nickel project to be released in the first quarter of 2016 and an resource
upgrade. -
more
Premier Li
encourages steel workers' 'stainless' spirit - The Premier met with TISCO
workers, telling them that he believes TISCO will overcome difficulties amid
downward pressures. -
more
Scientists develop steel alloy 'as good as titanium', only cheaper - A new
lightweight and cheap steel alloy has been produced that could impact the
cycle, aircraft and automotive industries, according to a paper published
in Nature (via The Economist). -
more
Courtesy AISI
- In the week ending January 2, 2016, domestic raw steel production was 1,440,000
net tons while the capability utilization rate was 60.2 percent. Production
was 1,798,000 net tons in the week ending January 2, 2015 while the capability
utilization then was 75.1 percent. The current week production represents
a 19.9 percent decrease from the same period in the previous year. Production
for the week ending January 2, 2016 is down 1.1 percent from the previous
week ending December 26, 2015 when production was 1,456,000 net tons and
the rate of capability utilization was 60.9 percent.
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Monday, January 4
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Thursday's trading session at
$4.01/lb
. Indicators
at 6:15 am CST today show 3 month nickel trading around $.08/lb
lower. Stockpiles
of nickel fell on the last working day of 2015 and ended the year at 441,294
tonnes. This compares to 413,148 tonnes on the last day of 2014 and a record
high of 470,376 tonnes on June 4th. SMM is reporting nickel ore stockpiles
held at six major Chinese ports fell by 300,000 tonnes last week and ended
the year at 9.97 million tonnes. This compares to 13.65 million tonnes at
the beginning of 2015, but considering SMM forecast last January that China
stockpiles would be depleted by April, the drop of 27% seems a lot less dramatic.
Nickel closed at $6.72/lb the last day of 2014 and has treaded either side
of the $4/lb level since late November. With China closing in 4 weeks
for their week long Chinese New Year you wouldn't expect to see nickel do
much, but we could see some movement when funds begin to restructure commodity
funds this month.
Average price of cash nickel so far this month - N/A
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
China Halts Stock Trading After 7% Rout Triggers Circuit Breaker -
more
Nickel industry
to tighten supply in 2016 - Nickel smelters in China may be forced to shut
down or drastically slash their output—resulting in tighter supply for
2016— amid a continued decline in world prices. -
more
Base metals
seen extending rout into new year - Copper and zinc lost a quarter of their
value in 2015 while nickel fell by more than 40 per cent as slowing growth
in top consumer China, a supply overhang and a strong US dollar hammered
industrial metals. -
more
China's
non-ferrous metal output slows in November - China's production of 10 major
non-ferrous metals in November grew at a slower pace than a year ago, the
top economic planner said Sunday. -
more
Ring of
Fire junior miner heads to China for infrastructure money - KWG Resources’
ultimate dream of building a Ring of Fire railroad may have to be realized
through a Chinese bank. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
"A Guide To LME
Trading"...pdf here(all ton listings are metric
tons = 2204.622 pounds ) Updated Monday thru Thursday before 8 am CST -
DisclaimerOriginal content and opinions copyright
www.estainlesssteel.com. All prices shown on this page
are indications only. Note - For real time and official LME prices, LME requires
a user subscribe to an authorized LME vendor.
Daily
Nickel/Stainless Steel Briefing
(8:00 AM CST is 1PM in London)
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.04/lb lower and
trending lower, Stockpiles of nickel stored in LME licensed warehouses rose
on Wednesday and now total 451,500 tonnes. Cancelled warrants continue to
run in the high 30's range. LME nickel stockpiles are less than 20,000 tonnes
shy of their all time high, and considering the mine closures on the books,
is a concerning development. Our next update will be Monday, February 1.
Have a safe and relaxing weekend.
Reports
Commodity/Economic Comments
NAS Press Release
- For the month of February 2016, North American Stainless will lower the
fuel surcharge to 15% for stainless flat and long products. The surcharge
rate is considered a maximum level for February and will be reviewed monthly.
-
Kambalda
job losses make for sombre 50th anniversary of nickel discovery - As nickel
miners across Western Australia continue to warehouse their assets, the
Goldfields town at the heart of the state's original nickel boom is quietly
marking its 50th anniversary. -
Ramu mine
workers want executive out and better safety standards - More than 600 workers
at Ramu nickel’s Kurumbukari mine in Madang went on a strike over the
weekend to have the mine management address issues. -
Glencore
gets Sudbury extension - Sudbury's second largest mining company, Glencore's
Sudbury Integrated Nickel Operations, has received approval to exceed emission
standards while it upgrades its Falconbridge smelter. -
Anglo
American boosts iron ore output thanks to Minas-Rio - Global mining company
Anglo American produced more iron ore last year after increased production
at its Minas-Rio mine in Brazil offset lower output from its Kumba subsidiary
in South Africa. -
Nickel
mine revival to gobble $60m - The upgrading of Munali Nickel Mine’s
processing facilities is expected to cost about US$60 million to start producing
a maximum of 5,000 tonnes of nickel annually, company chief operating officer
Craig Bailey has said. -
Newly-listed
Jindal Stainless (Hisar) aims to close FY16 at 12% EBITDA margin - Newly-listed
Jindal Stainless (Hisar) is aiming to close 2015-16 (Apr-Mar) at 12 percent
earnings before interest tax depreciation and amortisation (EBITDA) margin
by focussing on strong-margin yielding value added products which will also
allow the company to overcome the disadvantage it draws from high logistical
costs. -
Morning Nickel
Price Statistics & Figures
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.02/lb
Island
of Nickel Losing Money as World's Mines Shun Output Cuts - On a remote island
in the Pacific Ocean, mine owners like Glencore Plc and Vale SA are losing
money on every ton of nickel they unearth in what amounts to a contest to
see who can endure the agony longer. -
Russia’s
Norilsk Nickel may partake in Global Palladium Fund - The board of directors
of Russian metals giant Norilsk Nickel will study participation of its affiliate
Norilsk Nickel (Cyprus) Limited in the Global Palladium Fund L.P. on February
1, the company said in a statement. -
China to
cut crude steel production capacity by 150m tons: premier - Chinese Premier
Li Keqiang has reiterated the urgency and the government's resolve to cut
excess capacity in steel and coal industries, as the country strives to
restructure its economy. -
World crude
steel output decreases by -2.8% in 2015 - World crude steel production reached
1,622.8 million tonnes (Mt) for the year 2015, down by -2.8% compared to
2014. Crude steel production decreased in all regions except Oceania in 2015.
-
Investec cuts
base metals forecasts, sees 'disincentive' prices - Investec has cut its
base metals price forecasts for 2016 and 2017, with zinc and nickel in particular
now seen sharply lower than in its previous report at the end of October.
-
Market Trend
of Import of Ferroalloy as of 15 January 2016 = Prices of Ferro-Silicon and
Silicon metal rise sharply, and no realization sales can't be seen = The
market trend of import of ferroalloy as of 15 January 2016 is as follows.
-
An ugly start to what may be a brutal year for nickel producers: Andy
Home - If the first two weeks are anything to go by, this is going to be
an ugly year for nickel producers. -
Sumitomo
Corp withdraws forecasts - Sumitomo Corp withdrew its full-year forecasts
after booking a 77 billion (US$651 million) charge on its Ambatovy nickel
project in Madagascar, following a collapse in the price of the metal. -
Steel
Founders' Society Of America Casteel Reporter -
Miner
banks on Bots nickel - Australian miner Botswana Metals has said preliminary
results from ongoing exploration works at the Maibele North nickel project
indicated the existence of significant resources. -
Metals
Rebound From Biggest Drop in 3 Months as China Intervenes - Copper climbed
the most in two weeks and nickel gained after China sought to support its
stock market following Monday’s rout that sent metal prices tumbling.
-
Indonesia
Mulls Pushing Back Metal Concentrate Export Rules - Indonesia may relax rules
on the export of metal concentrates following the collapse in metals prices,
while keeping a ban on raw ore shipments, according to Energy and Mineral
Resources Minister Sudirman Said. -
Cohesion
policy is important in our world – the Finnish example - When we talk
about building a better world we tend to automatically think about environment
and foreign and security policy: however cohesion policy (structural funds)
also has an important role to play and should not be forgotten. -
