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page is archived news covering the period of January 2017
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Tuesday, January 31
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.39/lb. Indicators at
6:00 am CST today show 3 month nickel trading around $.10/lb
higher. Stockpiles
of nickel stored in LME approved warehouses rose on Monday and now total
just under the 382,300 tonne level. Technically speaking, nickel broke out
of a charted down trend on the upside yesterday, and traders, or trading
computers, appeared to have noticed. Nickel is higher today, but fundamentals
have not changed this week.
Average price of cash nickel so far this month - $4.53/lb
Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb /
2014 - $7.65/lb / 2013 - $6.80/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Bonds Slump as Inflation Tilts Bets Toward Stocks: Markets Wrap -
more
Nickel price
picked as 2017 winner - New report forecasts 20% improvement in nickel price
by end-2017 – copper, lead and zinc to retreat -
more
Mine Mill
Local 598 and Glencore reach tentative agreement - Mine Mill Local 598/Unifor
and Glencore Nickel Sudbury Operations came to a tentative collective agreement
Jan. 30. -
more
EU
imposes China, Taiwan with steel anti-dumping duties - The European Commission
has decided to impose anti-dumping measures on two steel products from China
and Taiwan. -
more
Aneka
Tambang records highest production, sale - Indonesia's mining company
PT Aneka Tambang (Antam) recorded the highest production and sale of ferronickel
in history with its performance in 2016. -
more
Group
files suit over PolyMet land swap - An environmental group officially filed
a lawsuit to block the federal government’s land exchange with PolyMet,
a crucial step in the company’s attempt to build a copper-nickel mine
near Hoyt Lakes. -
more
Courtesy AISI
- In the week ending on January 28, 2017, domestic raw steel production was
1,736,000 net tons while the capability utilization rate was 73.3 percent.
Production was 1,607,000 net tons in the week ending January 28, 2016 while
the capability utilization then was 68.7 percent. The current week production
represents an 8.0 percent increase from the same period in the previous year.
Production for the week ending January 28, 2017 is up 1.9 percent from the
previous week ending January 21, 2017 when production was 1,703,000 net tons
and the rate of capability utilization was 71.8 percent. -
source
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Monday, January 30
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.30/lb
. Indicators
at 5:30 am CST today show 3 month nickel trading around $.02/lb
higher. Stockpiles
of nickel stored in LME approved warehouse fell on both Thursday and Friday
and start the week just over the 381,000 tonne level. Nickel prices took
a nose dive last Thursday, and have ben slowly recovering since. At one point,
nickel was trading at $4.24/lb, its lowest point since June of last year.
Interesting, because that was the last month we were at the 381,000 tonne
level in LME nickel stockpile totals.
Average price of cash nickel so far this month - $4.54/lb
Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb /
2014 - $7.65/lb / 2013 - $6.80/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(Glencore) In 2016, global Ni consumption increased >8%, driven in part
by a 20% increase for use in batteries.
European Bonds Hit by Inflation as Stocks Retreat: Markets Wrap -
more
Antam
faces test as Indonesia shifts mining policy - Indonesia's surprise decision
on the evening of Jan. 12, after the markets closed, to ease its mineral
export ban sent ripples through Asia's nickel industry. -
more
Indonesia's Antam 2016 ferronickel production up 18 pct - Indonesia's state
miner PT Aneka Tambang Tbk said in a stock exchange filing on Monday: -
more
Gina
Lopez to bare fate of 30 mining firms - Environment Secretary Gina Lopez
will announce on Thursday her final decision whether to close down 30 mining
operations that failed their initial audit a few months ago. -
more
Japan
ferrochrome price decline limited by South African chromite prices - S&P
Global Platts assessed the CIF Japan high-carbon ferrochrome price at
$1.10-$1.15/lb Friday from $1.20-$1.25/lb a week ago as keen sellers looked
to the Japanese market with China closed for Lunar New Year. -
more
Noront
Resources: Bogged down in the Ring of Fire - Noront Resources boss Alan Coutts
said his company is as committed as ever to the Ring of Fire. -
more
Trump's
building plan boosts miner's spirits for Pilbara future - US President Donald
Trump's trillion-dollar infrastructure plan is driving confidence in WA's
mining industry, according to the head of an exploration and development
company hoping to reinvigorate the Pilbara. -
more
Agreement with Zim power source - Zimbabwe's platinum miners and
ferrochrome producers reached an agreement with power utility Zesa Holdings
to pre-pay for power directly from regional suppliers amid dollar shortages
in the country. -
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 26
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.40/lb. Indicators
at 5:30 am CST today show 3 month nickel trading around $.00/lb
unchanged. Stockpiles
of nickel stored in LME approved warehouses rose for a third consecutive
day and now total just over the 382,000 tonnes level. Total stockpile numbers
have gone up by over 10,000 tonnes in the last three days. Nickel was down
sharply yesterday morning, recovered yesterday afternoon, and has done little
today so far. For the week so far, nickel prices are down, stockpiles are
up, and for a moment, one might think supply and demand numbers actually
matter again. All is quiet on the Chinese front as many manufacturers are
shut down for the Chinese New Year season. For those who haven't yet, they
will be closed next week. This is our last update for the week so we wish
each of you a safe and relaxing weekend.
Average price of cash nickel so far this month - $4.57/lb
Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb /
2014 - $7.65/lb / 2013 - $6.80/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Global Stocks Rally Gathers Pace as Bonds Slide: Markets Wrap -
more
Nickel
prices up as PH goes after erring mines - Global prices of nickel rose by
5 percent in the fourth quarter of 2016 compared to the previous three months,
partly due to the ongoing Department of Environment and Natural Resources
(DENR) audit of mines, according to the World Bank. -
more
Independence
boss plays down effects of Indon nickel policy - Independence Group boss
Peter Bradford says he still expects improvement in nickel prices this year,
despite Indonesia’s move to relax bans on the export of low-grade ore.
-
more
South32's
Production Volumes of Mn and Ni in Oct-Dec 2016 = Production of manganese
ore is 1.253 million tons, and production of nickel is 9,000 tons = According
to the production and sales results in the 2nd quarter of 2017 (from October
1 to December 31 in 2016) announced by South32 on January 19, the production
volumes in this period were Manganese ore: 1.253 million tons (up by 38%
from the year-earlier period), Manganese-containing ferroalloy: 56,000 tons
(down by 15% ditto) and Nickel: 9,000 tons (up by 2% ditto). -
more
BHP’s Nickel West Kwinana refinery hits record output - BHP
Billiton’s Kwinana nickel refinery hit record production levels in the
December quarter as the global mining giant’s unloved WA nickel assets
booked a big lift in exports. -
more
China's 2016
industrial profits rise most in 3 years on commodities recovery - Profits
for China's industrial firms rose the most in three years in 2016 as a
construction boom fueled a rally in prices of building materials from steel
to cement, giving companies more flexibility to start chipping away at a
mountain of 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
Wednesday, January 25
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.44/lb. Indicators at
5:40 am CST today show 3 month nickel trading around $.11/lb
lower. Stockpiles
of nickel stored in LME approved warehouses rose by an unusually large amount
for a second consecutive day and now total just over the 380,100 tonne level.
This is the highest numbers we have seen in LME inventory numbers since
June of last year. And traders are obviously paying attention, with nickel
prices down sharply today on the news.
Average price of cash nickel so far this month - $4.58/lb
Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb /
2014 - $7.65/lb / 2013 - $6.80/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Asian stocks creep to 3-month highs, dollar drifts -
more
Global
steel output rises 0.8 pct in 2016 vs 2015 - Global crude steel output rose
by 0.8 percent last year, industry data showed on Wednesday, as mills in
top producer China churned out more metal to meet higher demand even as Beijing
cracked down on excess capacity. -
more
European
stainless surcharges up in February despite nickel price drop - Monthly alloy
surcharges on austenitic grades of stainless steel flat-rolled products in
Europe are set to rise again in February as strong ferrochrome prices have
offset the recent weakness in nickel prices, first mill announcements indicated
Monday. -
more
BHP
Billiton really can shrink to greatness - Just a year ago, Andrew Mackenzie's
shrinking Australian arm was stepping prudently but painfully towards abandonment
of its progressive dividend policy of legend and trying to get its collective
wit around how to cope with a sub-US30 a barrel oil price. -
more
Trial
dates set in Lockerby Mine deaths - The now-bankrupt owner of Lockerby Mine
and an Alberta company are headed to trial in early April for an incident
in the Sudbury mine in 2014 that killed two workers. -
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 24
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.41/lb. Indicators at
5:40 am CST today show 3 month nickel trading around $.01/lb
higher. Stockpiles
of nickel store in LME approved warehouses rose sharply on Monday and now
total just over the 375,500 tonne level. With a week left in the month, and
the closing of China for a national holiday, we most likely will see another
monthly gain in nickel stockpiles. Nickel is meandering this morning, showing
little enthusiasm with a stronger US Dollar adding negative pressure.
Average price of cash nickel so far this month - $4.59/lb
Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb /
2014 - $7.65/lb / 2013 - $6.80/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(Citi Bank) "Recent Indonesian and Filipino nickel supply news reinforce
our view that nickel will be the base metals underperformer in 2017."
Dollar steadies after stumble, sterling rides out Brexit ruling -
more
Western
Areas reviewing impact of Indonesia’s export ban reversal - Nickel miner
Western Areas said on Tuesday that it was reviewing the impact of
Indonesia’s decision to relax its export ban on unprocessed minerals.
-
more
Trump facing
infrastructure spending resistance as miners hopeful $1.3 trillion still
on table - After tearing up the Trans-Pacific Partnership, a promise from
the campaign trail, Australian miners and service providers hope US President
Donald Trump will get through another pledge — his massive infrastructure
spend. -
more
Idle
chrome mines need to be released by miners - Zimbabwe’s government says
it will prescribe deadlines for chrome mining companies to release unutilised
reserves this year with a target to reclaim 40 000 hectares of chrome-rich
idle grounds. -
more
Andrew
Forrest - philanthropic billionaire - Andrew "Twiggy" Forrest is the billionaire
iron ore miner who has increasingly developed a reputation as a philanthropist
who wants to use his wealth to help the less fortunate. -
more
Courtesy
AISI - In the week ending on January 21, 2017, domestic raw steel production
was 1,703,000 net tons while the capability utilization rate was 71.8 percent.
Production was 1,607,000 net tons in the week ending January 21, 2016 while
the capability utilization then was 68.7 percent. The current week production
represents a 6.0 percent increase from the same period in the previous year.
Production for the week ending January 21, 2017 is down 0.8 percent from
the previous week ending January 14, 2017 when production was 1,716,000 net
tons and the rate of capability utilization was 72.3 percent. -
source
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Monday, January 23
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.40/lb. Indicators
at 5:40 am CST today show 3 month nickel trading around $.05/lb
higher. Stockpiles
of nickel stored in LME approved warehouses rose sharply on Thursday and
slipped slightly on Friday, and start the week just under the 372,000 tonne
level. Nickel slumped to its lowest level since mid September 2016 on Friday,
and a weaker US Dollar is helping it regain some of its composure today.
Falling back below the $10,000/tonne level is psychologically important to
traders, with prices in a down trend since the eleventh.
Average price of cash nickel so far this month - $4.61/lb
Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb /
2014 - $7.65/lb / 2013 - $6.80/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Stocks, Dollar Dip as Metals Rise on Trump Jitters: Markets Wrap -
more
Axiom moving
to launch production despite nickel's travails - The surprise easing of nickel
export bans in Indonesia as the Philippines has been ramping up its efforts
to force some producers to shut down has muddied the water for the near-term
outlook for the metal. -
more
Nickel
factory workers demand enforcement of investment law - Nearly 1500 workers
from a strike-plagued nickel factory in Sagaing Region launched a protest
this week over a perceived loss of job opportunities and alleged discrepancies
between how the foreign and local staffers are treated. -
more
Russia Aluminum
Exports Rise, Nickel and Copper Exports down Jan.-Nov. 2016 - The State Customs
Committee of the Russian Federation data showed the country’s aluminum
exports increased during the first eleven months of 2016, while nickel and
copper exports fell, according to chinaccm.com. -
more
S&P
Global Platts China Steel Sentiment Index Slumps in January - Chinese steel
market sentiment slumped in January ahead of the Lunar New Year holiday period
at the end of the month, with expectations for long and flat steel product
prices falling markedly, according to the latest S&P Global Platts China
Steel Sentiment Index (CSSI), which showed a headline reading of 34.13 out
of a possible 100 points. -
more
Finland's
Terrafame nickel mine makes quarterly profit - Finland's State-owned nickel
and zinc mine Terrafame, which is looking for buyers, reported on Thursday
it had returned to profit in the fourth quarter on the back of growing production
volumes and rising metal prices. -
more
'Waiting
for justice' - The silence was gut-wrenching in a Sudbury courtroom last
year for the families of two men attending preliminary proceedings into charges
in the deaths of their loved ones May 6, 2014 at Lockerby Mine. -
more
LME's pitch
for share of gold market faces bumpy ride - Fears of inflexibility and rising
costs are sapping enthusiasm for the London Metal Exchange's new suite of
gold contracts, potentially leaving the exchange reliant on the threat of
an increasing regulatory burden to drive uptake. -
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 19
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.62/lb. Indicators at 5:40
am CST today show 3 month nickel trading around $.06/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell on Wednesday and now total
just over the 371,000 tonne level. The trading price of nickel is down sharply
in the last few hours. We show support at $4.53/lb. Have a safe and relaxing
weekend.
Average price of cash nickel so far this month - $4.63/lb
Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb /
2014 - $7.65/lb / 2013 - $6.80/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Dollar bounces back, bond yields jump on Yellen's rate guidance -
more
Contract
Price of LC FeCr in Period from Jan to Mar Cents 216 - 217 = Up by Cents
25 from prior period, which is largely due to increased price of chrome ore
= The price of low-carbon ferro-chrome in the period from January to March
Japanese special steel mills and overseas ferroalloy producers were negotiating
was finally fixed at US Cents 216 - 217 per lb. -
more
Russia
Aluminum Exports Rise, Nickel and Copper Exports down Jan.-Nov. 2016 - The
State Customs Committee of the Russian Federation data showed the country’s
aluminum exports increased during the first eleven months of 2016, while
nickel and copper exports fell, according to chinaccm.com. -
more
DENR
cancels permits of 4 mines... - The Department of Environment and Natural
Resources has cancelled the environmental permits for four more mining projects,
including one planned nickel venture, wood works and reclamation projects
on a months-long crackdown on the resources sector. -
more
Indonesia rocks markets by easing mining export laws - A controversial
ban on the export of raw minerals from Indonesia has been relaxed, causing
confusion and consternation in commodities markets. -
more
Oman's
Gulf Mining to triple high carbon ferrochrome capacity by 2020 - Oman's Gulf
Mining plans to triple its high-carbon ferrochrome production capacity by
2020 amid strong demand, Chief Executive Officer Mohammed Al Shabibi said
Thursday. -
more
Steel
scrap prices up 80% amidst drop in domestic demand, says Japan - The domestic
demand for scrap remained weak over the past one year. However, prices surged
higher by over 80% during this period. -
more
Activists apply for judicial review of relaxation of mineral export
ban - A group consisting of law experts and environmental activists plans
to file a request for a judicial review with the Supreme Court against new
regulations extending a relaxation of an export ban on mineral ores, which,
it says, have violated the law. -
more
Clive
Palmer’s nephew ordered home to face Queensland Nickel grilling - Clive
Palmer’s gallivanting nephew Clive Mensink has been summoned back to
Australia to be grilled at new Federal Court hearings into the collapse of
Queensland Nickel. -
more
Survey:
Manufacturers Have Positive View of Trump - The stock market experienced
a Trump Bump immediately following the 2016 presidential vote, with investors
encouraged by the possibility of a more business-friendly atmosphere in
Washington. -
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 18
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.61/lb. Indicators
at 5:30 am CST today show 3 month nickel trading around $.03/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Tuesday and now total
just over the 371,250 tonne level. Indonesia's decision late last week to
allow nickel ore exports again stole some of the momentum nickel traders
had, but the Philippines decision to close more nickel mines this morning,
could reinvigorate traders. For now, it appears to have helped slow the decline
in nickle prices and time will tell if this helps nickel break out of its
current trend. The gap between the 20 and 200 MVA is now down to $.30/lb,
with the current price near the low end of the spread.
Average price of cash nickel so far this month - $4.63/lb
Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb /
2014 - $7.65/lb / 2013 - $6.80/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Philippines cancels environmental permits of four miners - The Philippines
has cancelled the environmental permits for four more mining projects, including
one planned nickel venture, as the world's top nickel ore supplier deepens
a months-long crackdown on the resources sector. -
more
Increase
the import duty on stainless steel flat products: K K Pahuja - Bogged down
by an unprecedented surge in imports in last three years especially from
China and to remain globally competitive, Indian Stainless Steel Development
Association (ISSDA) has recommended government to increase basic import duty
on stainless steel (SS) flat products from 7.5 percent to 12.5 percent and
to abolish the import duty on key raw materials like ferro nickel, pure nickel,
ferro moly and SS scrap to nil. -
more
Rising
scrap metal prices put squeeze on Japan steelmakers - Ferrous scrap used
as a raw material for steel has jumped in price to a roughly two-year high
on strong overseas demand driven by a weak yen and a rebound in steel prices
in China, putting Japan's electric-furnace steelmakers in a tight spot. -
more
Clive
Palmer's plans for new open-cut mine outrages sacked Queensland Nickel workers
- Clive Palmer is looking to build a new open-cut coal mine on his central
Queensland cattle station, despite his collapsed Queensland Nickel refinery
still owing more than $300 million. -
more
Courtesy
AISI - In the week ending January 14, 2017, domestic raw steel production
was 1,716,000 net tons while the capability utilization rate was 72.3 percent.
Production was 1,607,000 net tons in the week ending January 14, 2016 while
the capability utilization then was 68.7 percent. The current week production
represents a 6.8 percent increase from the same period in the previous year.
Production for the week ending January 14, 2017 is up 1.9 percent from the
previous week ending January 7, 2017 when production was 1,684,000 net tons
and the rate of capability utilization was 71.0 percent. -
source
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Tuesday, January 17
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.65/lb
. Indicators
at 5:40 am CST today show 3 month nickel trading around $.03/lb
lower. Stockpiles
of nickel stored in LME approved warehouses rose on Monday and now total
just over the 372,100 tonne level. Stockpiles are now higher than they were
on the first day of 2017. Nickel is lower this week, but only $.35 separates
the 20 day moving average and the 200 day MVA, with the current trading price
in between. Confusion reigned before Indonesia's decision, and it has changed
little after.
Average price of cash nickel so far this month - $4.63/lb
Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb /
2014 - $7.65/lb / 2013 - $6.80/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Trump, Brexit uncertainty hit stocks and dollar, gold jumps -
more
Tropical Pacific Ocean remains ENSO neutral -
more
Implications of Indonesia’s Decision to Relax the Nickel Ore
Export Ban - After many months of uncertainty, the Indonesian government
has announced an easing of the nickel ore ban, which was introduced back
in 2014. We believe that the announcement has the following implications.-
more
Flip-Flopping
the Mining Law: What are Indonesia's New Mining Rules? - Over the past couple
of months, as the three-year delay was approaching its deadline, there was
a high degree of uncertainty about whether the Indonesian government would
indeed ban all shipments of mineral ore per January 2017, or would, again,
allow another delay. -
more
Indonesia to export 5.2 million tonnes of nickel ore per year -
more
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Monday, January 16
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.74/lb. Indicators at
5:40 am CST today show 3 month nickel trading around $.04/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell on Thursday and Friday and
start the week just over the 369,700 tonne level. Indonesia's decision is
all traders are talking about, nad the questions left by the decision. How
much nickel ore will actually be exported and what affect thaose exports
might have, are questions yet to be answered. US traders are off due to the
Martin Luther King holiday.
Average price of cash nickel so far this month - $4.63/lb
Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb /
2014 - $7.65/lb / 2013 - $6.80/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Brexit Plans Rattle Pound and Stocks as Gold Rises: Markets Wrap -
more
Indonesian
Officials Say Miners' Nickel Ore Exports "Comparable" to Smelter Capacity
- Indonesia's senior mining officials defended the government's new rules
on Saturday (14/01), saying the amount of nickel ore and bauxite that can
be exported by miners from the country will be "comparable" to their smelter
capacity. -
more
Indonesia won’t flood nickel market – minister -
more
Nickel smelters consider suing Indonesia after ore export ban U-turn -
more
New Indonesian mining laws to impact Australian nickel companies -
more
Indonesia rocks the nickel market (again): Andy Home - Almost
exactly three years ago Indonesia rocked the global nickel market by banning
the export of unprocessed minerals. -
more
Ni
SUS Scrap Purchase Price in Kanto in Jan Starts with JPY130,000/135,000 =
Some of pick-up traders raise purchase price before end of year = Stainless
steel mills in the Kanto area now offer the purchase price (delivered at
plant) of nickel-containing stainless steel scrap (SABOT) at the range from
JPY130,000 to JPY135,000. -
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 12
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.62/lb
. Indicators
at 5:50 am CST today show 3 month nickel trading around $.13/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell on Wednesday and now total
just over the 371,800 tonne level. Indonesia recently announced miners in
that country can resume shipping nickel ore, if production exceeds what their
smelters can process. Nickel is dropping like a rock on the news as traders
bail on speculative bets they would not such a change. This is our last update
for the week, so we wish each of you a safe and relaxing weekend.
Average price of cash nickel so far this month - $4.65/lb
Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb /
2014 - $7.65/lb / 2013 - $6.80/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Dollar Slumps, Bonds Rally as Trump Bets Unwind: Markets Wrap -
more
Indonesia
eases export ban on nickel ore, bauxite - Indonesia on Thursday eased a ban
on exports of mineral ores to allow mineral concentrates, as well as nickel
ore and bauxite, to be shipped from the key global supplier. -
more
Chinese domestic
chrome ore prices fall, import prices hold stable - Chrome ore prices
in the Chinese domestic spot market have fallen this month ahead of the Lunar
New Year, while import prices are holding stable, market sources said Thursday.
-
more
Funds keep the faith with the base metals turnaround story: Andy Home - This
time last year the base metals complex was all doom and gloom -
more
Study Describes New Method to Remove Nickel from Contaminated Seawater
- The same deposit that builds up in many tea kettles or water pipes in areas
where calcium-rich water is the norm might be just the (cheap) ticket to
rid contaminated seawater of toxic metals -
more
W(h)ither
Zimbabwe - Business executives and economists warn that 2017 will probably
be worse for Zimbabwe than the financial difficulties, cash shortages and
curtailed access to capital that were experienced in the country in 2016.
-
more
Scientists Say They Have Discovered The Missing Element Inside The
Earth’s Core - The final ingredient is most likely silicon, study suggests
About 85 percent of the Earth’s core is made up of iron while nickel
accounts for additional 10%. However, the remaining 5% is still a mystery.
-
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 11
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.81/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.02/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell slightly for a second day
on Tuesday and now total just over the 371,900 tonne level. We expect Indonesia
to announce a change in their nickel ore export ban tomorrow, but we doubt
they will return to the 'wild west' days of 'dig it and ship it'. Unless
they leave the ban completely in place, any change will help alleviate the
tension being caused by the anti-mining government in the Philippines and
mine closures there. Traders are apparently betting the ban will stay in
place, but we feel that is a risky gamble.
Average price of cash nickel so far this month - $4.63/lb
Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb /
2014 - $7.65/lb / 2013 - $6.80/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Dollar Gains Before Trump as Oil Rises on OPEC Cut: Markets Wrap -
more
Indonesia
to issue new mining rules this week -minister - Indonesia will issue new
rules for miners this week, the mining minister said late on Tuesday, which
will cover contracts and permits, exports, taxes, divestment obligations
and domestic processing requirements, among other issues. -
more
Nickel Prices Under Pressure as Indonesia Will Issue New Mining Rules -
more
Export Volume
of SUS Products in November 2016 Is 78,386 Tons = Down by 13% from prior
month, and exports to South Korea and Taiwan are drastically down = The export
result of stainless steel products in November 2016 which was compiled by
the Japan Iron and Steel Federation based on the foreign trade statistics
prepared by the Ministry of Finance was 78,386 tons, down by 13.2% from 90,269
tons in the prior month. -
more
Japan's stainless
steel scrap exports surge 10% in November - According to latest scrap trade
data published by the Japanese Ministry of Finance (MoF), the country’s
stainless steel scrap exports edged higher during the month of November this
year. -
more
Lawsuit targets
PolyMet project - Two environmental groups on Tuesday said they will filed
a lawsuit to block the proposed Polymet copper-nickel mine near Hoyt Lakes,
less than 24 hours after the federal government signed off on a milestone
land exchange. -
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 10
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.71/lb. Indicators at
5:40 am CST today show 3 month nickel trading around $.05/lb
higher. Stockpiles
of nickel stored in LME approved warehouse fell on Monday and now total just
under the 372,000 tonne level. Very quiet news day. Nickel punched thru a
technical line of resistance yesterday and looks strong today.
Average price of cash nickel so far this month - $4.61/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Dollar Retreats as Trump Euphoria Ebbs, Gold Gains: Markets Wrap -
more
The
creeping revolution in industrial metals trading: Andy Home - The way in
which industrial metals are priced is starting to change. -
more
Molybdenum
prices to rise in 2017 as demand recovers: Cochilco - Molybdenum prices
will rise over the next two years as rising demand tightens a global surplus
of the metal, a Chilean government agency said in a report Thursday. -
more
Scarce Minerals Are Running Out: Mining Quotas Are Needed - To ensure that
sufficient zinc, molybdenum and antimony are available for our great
grandchildren’s generation, we need an international mineral resources
agreement. -
more
Courtesy AISI
- In the week ending on January 7, 2017, domestic raw steel production was
1,684,000 net tons while the capability utilization rate was 71.0 percent.
Production was 1,607,000 net tons in the week ending January 7, 2016 while
the capability utilization then was 68.7 percent. The current week production
represents a 4.8 percent increase from the same period in the previous year.
Production for the week ending January 7, 2017 is up 5.8 percent from the
previous week ending December 31, 2016 when production was 1,592,000 net
tons and the rate of capability utilization was 67.1 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 9
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.65/lb. Indicators
at 5:40 am CST today show 3 month nickel trading around $.01/lb
higher. Stockpiles of
nickel stored in LME approved warehouses rose on Friday and start the week
just over the 372,000 tonne level. News that Indonesia might be ready to
drop or change its nickel ore export ban is keeping the nickel market under
pressure.
Average price of cash nickel so far this month - $4.60/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Currencies Gripped by Political Risk, Oil Slumps: Markets Wrap -
more
Refined
nickel prices under pressure as output forecast to rise - Refined nickel
prices will remain under pressure in the coming weeks as the impending moderation
of Indonesia's mineral ore export ban and consequent resumption of nickel
exports will increase global nickel supply, new analysis by Fitch-affiliated
BMI Research has shown. -
more
Opportunity
remains for nickel, bauxite exports in draft regulation - A recent draft
government regulation, the fourth revision to Government Regulation No. 23/2010
on the management of mineral and coal businesses, leaves open the possibility
for nickel and bauxite exports. -
more
Indonesian Mining Group Seeks to Export Low-Grade Nickel Ore -
more
Nickel
miner seeks to lift DENR order cancelling mining permit - Ipilan Nickel Corp.
is seeking to have its mining permit restored by the Department of Environment
and Natural Resources (DENR), as has been no basis for cancelling its
Environmental Compliance Certificate (ECC). -
more
Steel Ministry
urges for reduction of import duty on raw materials - With a move to revive
the Steel sector, the Steel Ministry has sought reduction of import duty
on coking coal, nickel and gas, during the upcoming Union Budget 2017-18.
-
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 5
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.63/lb. Indicators at
5:30 am CST today show 3 month nickel trading around $.02/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Wednesday and now total
just over the 370,900 tonne level. Nickel rose yesterday., but remains lower
than December's average on fundamentals that turned negative at years end.
Chinese nickel producers are forecasting Chinese stainless steel production
could suffer this year as China shuts down older mills to help curb pollution.
Indonesia could potentially reverse a three year ban on nickel ore exports,
although we have our doubts they will drop it completely, if at all. The
new Philippines government has been about as hostile toward mining as one
could imagine, but New Caledonia, as well as other countries, will help pick
up some of the slack. And production for processed nickel worldwide, remains
strong. Traders are trying to determine what 2017 will bring, and earlier
optimism has cooled some. This is our last update for the week, so we wish
each of you a safe and relaxing weekend.
Average price of cash nickel so far this month - $4.58/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Dollar Rally Stymied by China, Fed as Gold Climbs: Markets Wrap -
more
World stocks hit 1-1/2 year high after strong China data -
more
Nickel
Prices Fall as Gov't Plans to Relax Export Ban - Nickel prices for
May's contracts fell in Shanghai following possibilities that Indonesia will
loosen its ore export ban. This expectation came after on January 4, 2017,
the Indonesian Mineral Businesses Association asked the government to allow
the export of low-grade nickels. -
more
Chinese buyers
seek ferrochrome imports despite Lunar New Year slowdown - Chinese steelmakers
and ferrochrome plants are sending inquiries for spot ferrochrome and chrome
ore imports, despite seasonal demand slowdown ahead of the Lunar New Year
holidays in three weeks, market sources said Thursday. -
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 4
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.50/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 over the 371,700 tonne level. Nickel fell to 3-1/2 months low this morning
before the US Dollar lost some steam, and this has helped commodities gain
some momentum. Nickel fell out of the range it had been trading in since
a spike after the US election, around Christmas time, and it is back in the
price channel it traded in last fall.
Average price of cash nickel so far this month - $4.63/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Risk-On Tide Lifts Developing World to Commodities: Markets Wrap -
more
More
flood aid from New Caledonia Nickel Fund - New Caledonia's Nickel Fund has
released almost $US500,000 in a one-off payment to repair flood damage in
Houailou. -
more
Global mining
industry sees potential growth in 2 years - The global mining industry is
set for an increasing confidence of potential growth over the next two years,
Frost & Sullivan reported. -
more
Russia’s stainless steel exports surged 4% in November; Japanese
exports declined - The latest trade statistics released by the Russian SpetsStal
Association suggests marginal increase in exports of stainless steel products
by the country during the month of November this year. -
more
PPMAI
urges govt to cut import duty on steel, metal products - The city-based Process
Plant and Machinery Association of India (PPMAI), which represents the capital
goods and process equipment manufacturing industry in the country has urged
the government to reduce the import duty on steel and stainless steel and
other metal products to 7.5 per cent level to keep capital goods industry
in good health. -
more
Nyota Minerals
to sell 70% stake in nickel miner to minority shareholder - Miner Nyota Minerals
has agreed to sell its 70% stake in nickel miner KEC Exploration to a minority
shareholder and director of KEC, for €12,500. -
more
Zimbabwe:
Mining Firm Slapped With $20m Lawsuit - Asa Resources has been slapped with
a $20 million lawsuit by a group of local investors, Zindico Consortium,
for refusing to acknowledge a share purchase agreement signed in 2013 with
the mining group, then known as Mwana Africa Plc. -
more
Courtesy AISI
- In the week ending on December 31, 2016, domestic raw steel production
was 1,592,000 net tons while the capability utilization rate was 67.1 percent.
Production was 1,485,000 net tons in the week ending December 31, 2015 while
the capability utilization then was 62.1 percent. The current week production
represents a 7.2 percent increase from the same period in the previous year.
Production for the week ending December 31, 2016 is down 2.7 percent from
the previous week ending December 24, 2016 when production was 1,636,000
net tons and the rate of capability utilization was 69.0 percent. -
source
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Tuesday, January 3
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.55/lb. Indicators at 5:40
am CST today show 3 month nickel trading around $.06/lb
higher. Stockpiles
of nickel stored in LME approved warehouses rose to end 2016 and start the
new year just over the 372,050 tonne level. During the prior 12 weeks, cash
nickel traded between a February low of $7550/tonne to a November high of
$12,132/tonne. LME stockpiles of nickel started 2016 at 448,314 tonnes and
starts this year at 372,066 tonnes. The market is still waiting a decision
from Indonesia on their future plans for nickel ore exports.
Average price of cash nickel so far this month -
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
El Niño–Southern Oscillation remains neutral -
more
Stocks Gain With Commodities Amid China Optimism: Markets Wrap -
more
Industrial
metals end 2016 on high note after bleak start - Industrial metals have had
one of their best years in recent history as receding worries about demand
and expectations of tighter supplies fuelled a buying spree that took zinc
prices to nine-year highs. -
more
S&P Global
Platts China Steel Sentiment Index Softened in December - Chinese steel market
sentiment softened slightly in December but expectations for long and flat
steel product prices remained extremely buoyant, according to the latest
S&P Global Platts China Steel Sentiment Index , which showed a headline
reading of 52.62 out of a possible 100 points.-
more
New
Caledonia approves extra nickel ore exports to China - The government
of New Caledonia has approved requests from three mining companies to export
as much as 2 million tonnes of low-purity nickel ore annually to China as
part of efforts to help the industry to recover from a prolonged slump in
prices. -
more
Indon
nickel export rethink worries local producers - Local nickel producers will
be eyeing political developments in Indonesia with concern early this year,
as its Government considers relaxing export bans on low-grade ore that have
helped boost commodity prices. -
more
Ravensthorpe
nickel mine fined over near-fatal sulphuric acid spill - The Canadian owners
of the Ravensthorpe nickel mine in WA's south have been fined $40,000 after
a near-fatal accident two years ago. -
more
Nickel
mine invests $19m on smelter plant - Bindura Nickel Mine has committed $19,5
million towards the restart of its smelter plant at Trojan Mine. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
"A Guide To LME
Trading"...pdf here(all ton listings are metric
tons = 2204.622 pounds ) Updated Monday thru Thursday before 8 am CST -
DisclaimerOriginal content and opinions copyright
www.estainlesssteel.com. All prices shown on this page
are indications only. Note - For real time and official LME prices, LME requires
a user subscribe to an authorized LME vendor.
Daily
Nickel/Stainless Steel Briefing
(8:00 AM CST is 1PM in London)
. Indicators at
6:00 am CST today show 3 month nickel trading around $.10/lb
Reports
Commodity/Economic Comments
Nickel price
picked as 2017 winner - New report forecasts 20% improvement in nickel price
by end-2017 – copper, lead and zinc to retreat -
Mine Mill
Local 598 and Glencore reach tentative agreement - Mine Mill Local 598/Unifor
and Glencore Nickel Sudbury Operations came to a tentative collective agreement
Jan. 30. -
EU
imposes China, Taiwan with steel anti-dumping duties - The European Commission
has decided to impose anti-dumping measures on two steel products from China
and Taiwan. -
Aneka
Tambang records highest production, sale - Indonesia's mining company
PT Aneka Tambang (Antam) recorded the highest production and sale of ferronickel
in history with its performance in 2016. -
Group
files suit over PolyMet land swap - An environmental group officially filed
a lawsuit to block the federal government’s land exchange with PolyMet,
a crucial step in the company’s attempt to build a copper-nickel mine
near Hoyt Lakes. -
Morning Nickel
Price Statistics & Figures
Gina
Lopez to bare fate of 30 mining firms - Environment Secretary Gina Lopez
will announce on Thursday her final decision whether to close down 30 mining
operations that failed their initial audit a few months ago. -
Japan
ferrochrome price decline limited by South African chromite prices - S&P
Global Platts assessed the CIF Japan high-carbon ferrochrome price at
$1.10-$1.15/lb Friday from $1.20-$1.25/lb a week ago as keen sellers looked
to the Japanese market with China closed for Lunar New Year. -
Trump's
building plan boosts miner's spirits for Pilbara future - US President Donald
Trump's trillion-dollar infrastructure plan is driving confidence in WA's
mining industry, according to the head of an exploration and development
company hoping to reinvigorate the Pilbara. -
Agreement with Zim power source - Zimbabwe's platinum miners and
ferrochrome producers reached an agreement with power utility Zesa Holdings
to pre-pay for power directly from regional suppliers amid dollar shortages
in the country. -
. Indicators
at 5:30 am CST today show 3 month nickel trading around $.00/lb
unchanged. Stockpiles
of nickel stored in LME approved warehouses rose for a third consecutive
day and now total just over the 382,000 tonnes level. Total stockpile numbers
have gone up by over 10,000 tonnes in the last three days. Nickel was down
sharply yesterday morning, recovered yesterday afternoon, and has done little
today so far. For the week so far, nickel prices are down, stockpiles are
up, and for a moment, one might think supply and demand numbers actually
matter again. All is quiet on the Chinese front as many manufacturers are
shut down for the Chinese New Year season. For those who haven't yet, they
will be closed next week. This is our last update for the week so we wish
each of you a safe and relaxing weekend.
Nickel
prices up as PH goes after erring mines - Global prices of nickel rose by
5 percent in the fourth quarter of 2016 compared to the previous three months,
partly due to the ongoing Department of Environment and Natural Resources
(DENR) audit of mines, according to the World Bank. -
South32's
Production Volumes of Mn and Ni in Oct-Dec 2016 = Production of manganese
ore is 1.253 million tons, and production of nickel is 9,000 tons = According
to the production and sales results in the 2nd quarter of 2017 (from October
1 to December 31 in 2016) announced by South32 on January 19, the production
volumes in this period were Manganese ore: 1.253 million tons (up by 38%
from the year-earlier period), Manganese-containing ferroalloy: 56,000 tons
(down by 15% ditto) and Nickel: 9,000 tons (up by 2% ditto). -
China's 2016
industrial profits rise most in 3 years on commodities recovery - Profits
for China's industrial firms rose the most in three years in 2016 as a
construction boom fueled a rally in prices of building materials from steel
to cement, giving companies more flexibility to start chipping away at a
mountain of debt. -
Global
steel output rises 0.8 pct in 2016 vs 2015 - Global crude steel output rose
by 0.8 percent last year, industry data showed on Wednesday, as mills in
top producer China churned out more metal to meet higher demand even as Beijing
cracked down on excess capacity. -
An abundant resource for the future -
Axiom moving
to launch production despite nickel's travails - The surprise easing of nickel
export bans in Indonesia as the Philippines has been ramping up its efforts
to force some producers to shut down has muddied the water for the near-term
outlook for the metal. -
Nickel
factory workers demand enforcement of investment law - Nearly 1500 workers
from a strike-plagued nickel factory in Sagaing Region launched a protest
this week over a perceived loss of job opportunities and alleged discrepancies
between how the foreign and local staffers are treated. -
Russia Aluminum
Exports Rise, Nickel and Copper Exports down Jan.-Nov. 2016 - The State Customs
Committee of the Russian Federation data showed the country’s aluminum
exports increased during the first eleven months of 2016, while nickel and
copper exports fell, according to chinaccm.com. -
Finland's
Terrafame nickel mine makes quarterly profit - Finland's State-owned nickel
and zinc mine Terrafame, which is looking for buyers, reported on Thursday
it had returned to profit in the fourth quarter on the back of growing production
volumes and rising metal prices. -
. Indicators at 5:40
am CST today show 3 month nickel trading around $.06/lb
Oman's
Gulf Mining to triple high carbon ferrochrome capacity by 2020 - Oman's Gulf
Mining plans to triple its high-carbon ferrochrome production capacity by
2020 amid strong demand, Chief Executive Officer Mohammed Al Shabibi said
Thursday. -
Increase
the import duty on stainless steel flat products: K K Pahuja - Bogged down
by an unprecedented surge in imports in last three years especially from
China and to remain globally competitive, Indian Stainless Steel Development
Association (ISSDA) has recommended government to increase basic import duty
on stainless steel (SS) flat products from 7.5 percent to 12.5 percent and
to abolish the import duty on key raw materials like ferro nickel, pure nickel,
ferro moly and SS scrap to nil. -
More
flood aid from New Caledonia Nickel Fund - New Caledonia's Nickel Fund has
released almost $US500,000 in a one-off payment to repair flood damage in
Houailou. -
Nyota Minerals
to sell 70% stake in nickel miner to minority shareholder - Miner Nyota Minerals
has agreed to sell its 70% stake in nickel miner KEC Exploration to a minority
shareholder and director of KEC, for €12,500. -
. Indicators at 5:40
am CST today show 3 month nickel trading around $.06/lb
