This page is archived news covering the period of January 2018
If you are looking for current daily market news, please visit here.

LME nickel prices and news

Stainless Steel News and Nickel Prices

Free comprehensive information on worldwide nickel market pricing, stainless steel prices and metals analysis and forecasts

Our website is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.

Daily Nickel Market News & Stainless Steel Prices

Nickel Prices and Stainless Steel Bolts

    Cell phone and tablet users - smaller version of this page - (here)

Wednesday, January 31

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Tuesday's trading session at $6.06/lb . Indicators at 6:20 am CST today show 3 month nickel trading around $.08/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and now total just over the 357,000 tonne level. After the US Dollar rose prior to President Trump's first Stat of the Union address, nickel saw some profit taking yesterday, but the LME did not see the same degree the Shanghai Metal market or India's MCX saw overnight. Today, nickel prices are in recovery mode as the US Dollar falls to near four year lows. After we pointed to a pessimistic forecast yesterday, we link to a more bullish forecast today. Next week will be the last full week China operates before its annual week long shut down for New Years holiday festivities. Typically prices are usually quiet during this period but we suspect this year the market volatility could continue.
  • Average price of cash nickel so far this month - $5.83/lb
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - Copper climbs more than 1 pct as dollar slips ahead of Fed statement - more
  • Reuters Daily Inside Metals - pdf here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • December 2017 Steel Imports Press Release - more
  • Europe Stocks Halt Selloff; Dollar and Oil Fall: Markets Wrap - more

     Tuesday's market review - Nickel sheds recent gains on profit-taking - Nickel came off two-year highs on Tuesday as investors booked profits from a rally that was supported by a low dollar and an improving demand and supply outlook. - more

     China demand and tight supplies set to sustain nickel price rally - A combination of surging China imports, tighter supplies and fund interest are expected to sustain prices of stainless steel ingredient nickel, which have reached their highest level in more than two years. - more

     Press Release - For the month of February 2018, North American Stainless will increase the fuel surcharge to 25% for stainless flat and long products. The surcharge rate is considered a maximum level for February and will be reviewed monthly. - source

     Russia's Nornickel says Q4 nickel output up 11 pct q/q - Russia’s Norilsk Nickel (Nornickel) said on Wednesday its fourth-quarter consolidated nickel production increased 11 percent quarter on quarter to 60,032 tonnes. - more

     Vale diversifies away from iron ore despite strong China demand -CEO - Continued Chinese efforts to reduce pollution will boost demand for Vale's high quality iron ore, the Brazilian miner's chief executive said on Tuesday, even as the world's top iron ore producer seeks to diversify away from the metal. - more

     Courtesy AISI - In the week ending on January 27, 2018, domestic raw steel production was 1,719,000 net tons while the capability utilization rate was 73.8 percent. Production was 1,736,000 net tons in the week ending January 27, 2017 while the capability utilization then was 74.5 percent. The current week production represents a 1.0 percent decrease from the same period in the previous year. Production for the week ending January 27, 2018 is up 1.5 percent from the previous week ending January 20, 2018 when production was 1,693,000 net tons and the rate of capability utilization was 72.6 percent. - more

      Vale at work on pioneering Canadian cobalt stream deal - sources - Brazilian miner Vale is seeking to sell un-mined cobalt worth hundreds of millions of dollars to investors, as speculation rises over a shortage of the metal needed to make batteries, sources familiar with the matter said. - 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)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • 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 30

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Monday's trading session at $6.26/lb . Indicators at 6:20 am CST today show 3 month nickel trading around $.06/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Monday and started today just under the 359,300 tonne level. For a moment yesterday, nickel traded over the $14,000/tonne level, having finally beaten the $13,000 tonne level last Wednesday. That gives one an idea of just how exuberant the market is based on little more than speculation. The Euro has risen in the last hour and has erased all of the last few days losses, and nickel is now trading off earlier lows. If you want to guess where nickel prices are headed in the near future, predict the Euro. They seem to be working in concert.
  • Average price of cash nickel so far this month - $5.81/lb
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - Base metals lose ground as dollar firms ahead of Trump address - more
  • Reuters Daily Inside Metals - pdf here
  • Damstahl Stainless Steel Report - January 2018 - more

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Morgan Stanley forecast price of nickel at $5.05/lb for first quarter of 2018, with down side risk.
  • Stocks Drop as Treasuries Edge Higher; Gold Rises: Markets Wrap - more
  • La Niña likely past its peak as Pacific sea surface temperatures warm - more

     Monday's market review - Supply worries drive zinc to 10 1/2-year high - Zinc prices surged to the highest since 2007 on Monday as falling stockpiles suggested tight supplies, while expectations of strong demand pushed nickel to a 2 1/2-year peak after it broke through a key technical level last week. - more

     Nickel prices ‘piggyback’ on dollar weakness, but will it last? - “The nickel rally has no real trade substance to be honest – it is all speculative again. One wobble and the whole thing [price rally] will collapse,” a source said. “Nickel is piggybacking on the dollar but there is not any real substance in the rally and the concern is it could fall just as quickly as it climbed,” a trader added. - more

     First Quantum's nickel output down 24 pct in 2017 - Nickel output by First Quantum Minerals fell 24 percent to 17,837 tonnes last year from 23,624 tonnes in 2016, the company said in a preliminary production and sales report. - more

     What South Korea's Buying May Tell Us About the Metals Rally - South Korea’s buying intentions for metals could tell us something about the price outlook, if the past 18 months are any guide. - more

     Pan African eyes nickel and gold assets in Zimbabwe - Pan African Resources is looking at nickel and gold mining assets in Zimbabwe as the economy shows signs of opening to investors after decades of deterioration under former president Robert Mugabe. - 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)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • 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 29

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Friday's trading session at $6.19/lb  . Indicators at 6:20 am CST today show 3 month nickel trading around $.12/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Thursday and Friday and started the week just over the 360,700 tonne level. Having finally punched thru the $13,000 tonne level just a few days ago, nickel is eyeing the $14,000 tonne level today. Is this run justified? In our opinion, which means absolutely squat, no. Besides a disruption in production at Ambatovy in Madagascar due to a tropical storm a few weeks ago, a disruption due to end anytime, there really has been no news on the fundamentals side. The US Dollar is trading lower against the Euro which is giving a positive bump to commodity trading, but hasn't done much since last Thursday. China stainless steel prices are higher, reflecting the increase in nickel prices, while iron ore prices are down since the first of the year. China is preparing to close for their week long New Year holiday next month, so inventories are running lean. Technicals remain positive although market is flashing that it is seriously overbought. Will be an interesting week. Will market continue its bullish run, fight to hold onto last weeks jump, or will traders bail before they get caught with a falling knife? Stay tuned.
  • Average price of cash nickel so far this month - $5.78/lb
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - Zinc extends gains on tight market, weaker dollar - more
  • Reuters Daily Inside Metals - pdf here
  • U.S. Imports of Stainless Steel Mill Products - more

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • STEEL IMPORTS UP 15% IN 2017 - pdf here
  • Data: China's nickel import, export in Dec 2017 - more
  • A Guide to Nickel Applications and Demand - more
  • Best-Performing Battery Metal of the Past Year Isn't Cobalt - more
  • Treasuries Slide, Dollar Gains as Busy Week Begins: Markets Wrap - more

     Friday's market review - Zinc at decade high as inventories trend lower - Zinc touched a fresh a 10-year high on Friday due to a weaker dollar and as inventories slipped to their lowest levels since 2008, indicating tight supply. - more

     Nickel May Test Fresh High Before Facing Stiff Resistance - On analysis of the movement of Nickel futures price, I find the Nickel futures price although, seems to be facing stiff resistance at the current level, but may test fresh highs before moving Downward. - more

     Ni SUS Scrap Price in Kanto in Mid and Late Dec around JPY150,000 = Pick-up price is up due to increase in Ni price = As of January 22, many of the stainless steel mills in the Kanto area purchase nickel-containing stainless steel scrap (SABOT) at around JPY150,000 per ton (delivered at plant). - more

     US Forest Service rolls back study of mining near Boundary Waters Canoe Area Wilderness in northeast Minnesota - The U.S. Forest Service on Friday, Jan. 26, said it will not conduct the most-thorough level of environmental review of potential copper mining impacts on the Boundary Waters Canoe Area Wilderness in northeastern Minnesota and will instead conduct a less-stringent study. - more

  • Trump administration cancels Boundary Waters study - more

     Finished steel imports grew by 19.5 pct in 2017 YoY  - According to the data released by Pakistan Bureau of Statistics, finished steel imports into Pakistan have increased by 19.48 pct in 2017 YoY. The total quantity imported in 2017 was 3.984 mln tons as compared to 3.334 mln tons in 2016. - more

     Russian company shells out billions for Arctic environment projects - The Kola Mining and Metallurgical Company (Kola MMC, a part of Nornickel) invested in environmental projects in the Murmansk Region 4 billion rubles ($71 million), Nornickel’s Vice President Elena Bezdenezhnykh said on Friday. - more

     Ferrochrome plant just the boost we need - I was among the fairly large gathering that attended a recent presentation on the bid to build a ferrochrome processing plant in Thunder Bay. - more

     Clive Palmer faces CITIC appeal over $200m royalties windfall - Chinese conglomerate CITIC has appealed against a court ruling which delivered a royalties windfall to Clive Palmer in the latest twist in their dispute over Australia's biggest magnetite 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)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • 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 25

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Wednesday's trading session at $6.16/lb . Indicators at 6:20 am CST today show 3 month nickel trading around $.06/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday and now total just over the 362,000 tonne level. After spending the last eight sessions under 30%, cancelled warrants rose back to that level with yesterday's transactions. As for the price, nickel bulls were finally able to bust thru both the technical and psychological levels, and it was off to the races.  Nickel is trading at levels last seen in June 2015. Much of the credit for nickel's increase is the value it has gained from the lower US Dollar. The Euro is trading at levels it last saw approximately three years ago, according to currency traders. China steel prices are trading higher again, as are stainless steel prices. Resistance is at $6.24/lb but when the market gets overly exuberant, as it appears to be now, resistance levels can be mute. Stainless steel users can plan on more price increases if today's market price closes above $5.90/lb. This is our final update for the week, so we hope each of you has a relaxing and safe weekend and invite you back next week.
  • Average price of cash nickel so far this month - $5.73/lb
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - Base metals near multi-year peaks on weaker dollar - more
  • Reuters Daily Inside Metals - pdf here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Will the Chinese steel market be softer in 2018? - more
  • (Vietnam) Ministry to support steel businesses - more
  • Tweet - China Dec refined nickel imports up 116.1% y/y at 41,315 tonnes
  • Tweet - Forecast EV production in 2025 would mean an additional +10-40% of incremental nickel demand says @UBS
  • Dollar Under Pressure; Euro Steadies Before ECB: Markets Wrap - more

     Wednesday's market review - Weaker dollar drives copper higher despite surging inventories - A sharply weaker dollar helped copper to rebound on Wednesday from a one-month low despite a second day of rapidly rising inventories that suggested there is plentiful supply of the metal used in power and construction. - more

     World crude steel output increases by 5.3% in 2017 - World crude steel production reached 1,691.2 million tonnes (Mt) for the year 2017, up by 5.3% compared to 2016. Crude steel production increased in all regions in 2017 except in the CIS, which has remained stable (subject to current estimates). - more

     China's base metals import, export in Dec 2017 - Chinese customs released the import and export data on refined copper, primary aluminum, and other base metals in December 2017 (unit: mt): - more

     POSCO Offers Prices of CR Austenitic Stainless Sheets at $2,400 CFR = For the Asian region = In the Asian region, negotiations on cold-rolled (CR) austenitic stainless steel sheets have started for shipments of March/April. As the nickel price was once $5.80 per pound, mills of each country are likely to have raised their offer prices by $200 or so. - more

     Western Areas Hostage To Nickel Upside - Western Areas increased production in the December quarter, maintaining steady cash costs amid an improved nickel price. - more

     Palmer threatens to freeze PM's assets - Clive Palmer's legal stoush with the prime minister continues, with the mining magnate threatening to freeze Malcolm Turnbull's assets as part of ongoing proceedings against Queensland Nickel. - 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)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • 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 24

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Tuesday's trading session at $5.83/lb . Indicators at 6:20 am CST today show 3 month nickel trading around $.09/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and started today's session just under the 362,200 tonne level. Having slowly moved up to the resistance level over the past few sessions, traders have jumped nickel well above initial resistance this morning, and testing the $13,000 tonne level, a second line of resistance, albeit psychological. Technical signals remain positive but it remains to be seen if they are positive enough. No new fundamental news out there. Cancelled warrants, which in our opinion sometimes gives us an idea how optimistic the big trading houses are of the future market, is trading just over the 28% level. This is respectable, but well below the 37% level we saw back last fall when the bull market was running loose. Some might say this is caused by the anticipated slow down in China orders due to their upcoming holiday, and that may have some to do with it, but the evidence of the past years doesn't supply a lot of evidence for that being the main reason.    
  • Average price of cash nickel so far this month - $5.72/lb
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - Copper rebounds despite surge in LME inventories - more
  • Reuters Daily Inside Metals - pdf here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Japan 2017 crude steel output inches down to 8-year low - more
  • IMF Outlook Adds to the Allure of Oil and Metals - more
  • Dollar Woes Deepen as Stocks Edge Up; Gold Rises: Markets Wrap - more

     Tuesday's market review - Copper slides to one-month low as inventories surge - Copper prices fell to their lowest in a month on Tuesday after rising inventories showed healthy supplies of refined metal. - more

     China ‘tweaks’ nickel import taxes to favour electric vehicles, Wood Mackenzie says - In mid-December, China made adjustments to import taxes on some nickel products that favour the production of electric vehicles. - more

     Western Areas produces strong quarter, not deterred by volatile nickel market - ASX-listed Western Areas has completed the first half of the year on track to meet all full-year guidance metrics, the base metals producer said on Wednesday. - more

     Indonesia central to nickel market in 2018 - Indonesia will play a central role in nickel market dynamics during 2018 from ore production and export through to stainless hot-rolled coil sales. - more

     S. Korea's Import & Export of Main Ferroalloys in Full Year 2017 = Import is up by 3% from prior year but export is down by 16% ditto = South Korea's foreign trade statistics shows the import volume of main ferroalloys in the full year 2017 (January - December) was 1,120,667 tons, up by 2.9% from the prior year. - more

     Panoramic takes key steps towards Savannah restart - Nickel miner Panoramic Resources has launched a capital raising for almost $21 million in funding for the restart of the Savannah operation in the East Kimberley of Western Australia. - more

     How nickel makes electric vehicles go green - Greater use of nickel in batteries is increasing the range of electric vehicles, making them more attractive to consumers whilst providing incentives to recycle, says Mark Mistry, senior public policy manager of the Nickel Institute - 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)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • 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 23

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Monday's trading session at $5.78/lb . Indicators at 6:20 am CST today show 3 month nickel trading around $.02/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Monday and start today's session just under the 362,900 tonne level. Having tested resistance once this morning, the market is quietly higher. Allegheny released February surcharges yesterday. It appears their surcharges on 304 stainless is nearly as high as it was last January, and the 316 surcharge is at its highest in nearly 3 years. We have kept track of these surcharges since 2006 (here).Technicals remain positive, while fundamentals offer little news.
  • Average price of cash nickel so far this month - $5.72/lb
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - Copper hits one-month low as inventories surge - more
  • Reuters Daily Inside Metals - pdf here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • IMF raises global growth forecast due to increased growth momentum - more
  • Strong outlook for European steel in 2018 - more
  • (SMM) Indonesia earthquake sees no impact on NPI output
  • Industrial metals bull party on hold; will restart shortly - more
  • Superlatives Multiply as Stocks Rally; Oil Climbs: Markets Wrap - more

     Monday's market review - Copper higher on optimism over demand, supply concerns - Copper rose on Monday, leading broad gains across base metals as optimism over the outlook for global growth and supply concerns helped prices recover some of the previous session’s losses. - more

     London Metal Exchange stops the volume rot, but CME challenge grows: Andy Home - Trading volumes on the London Metal Exchange (LME) increased by a marginal 0.5 percent last year. - more

     Inquiries of CR Sheets from India Rapidly Increase for Mar Shipment - In the export market of cold-rolled (CR) steel sheets, Indian mills are likely to have raised their export prices by $20 or so due to a rise in domestic prices of CR sheets in India. While, China's market prices of CR sheets are on a downward trend. - more

     Clive Palmer approved $170m in payments from Queensland Nickel to himself, family, documents reveal - Clive Palmer retrospectively approved more than $170 million in payments from Queensland Nickel to himself, family and his corporate interests during two meetings late last year, which he chaired himself, court documents have revealed. - more

     Courtesy AISI - In the week ending on January 20, 2018, domestic raw steel production was 1,693,000 net tons while the capability utilization rate was 72.6 percent. Production was 1,736,000 net tons in the week ending January 20, 2017 while the capability utilization then was 74.5 percent. The current week production represents a 2.5 percent decrease from the same period in the previous year. Production for the week ending January 20, 2018 is down 0.8 percent from the previous week ending January 13, 2018 when production was 1,707,000 net tons and the rate of capability utilization was 73.2 percent. - 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)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • 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 22

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Friday's trading session at $5.77/lb  . Indicators at 6:15 am CST today show 3 month nickel trading around $.05/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Thursday and rose on Friday and start the week just under the 363,200 tonne level. After floundering for a few days, nickel bulls got ahold of the market on Thursday afternoon, and haven't lost their grip yet. $5.85/lb is resistance and if the market can beat that level, there is an immediate psychological level of resistance ($5.90/lb) that, in our opinion, is far more important to technicals. Technicals remain positive, although they show the market is in overbought territory. China steel had a nice spike on Friday, and was quiet today. The China stainless steel price index we follow slipped slightly again today.
  • Average price of cash nickel so far this month - $5.71/lb
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - Copper edges higher on demand optimism, supply concerns - more
  • Reuters Daily Inside Metals - pdf here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • The periodic table of commodity returns - more
  • Investors' gaze turns to North America - more
  • Officials seize stainless steel sinks at North Dakota border - more
  • Dollar Slips as Shutdown Drags On; Stocks Mixed: Markets Wrap - more

     Friday's market review - Supply fears drive zinc and lead to multi-year highs - Falling stockpiles and pollution alerts in top metals producer China fuelled supply concerns and helped to drive zinc and lead prices to multi-year highs and aluminium to a two-week peak on Friday. - more

     Shippers reminded of wet season issues in loading Indonesian nickel ore - With the wet season in Southeast Asia rolling around again, P&I clubs have been duly reminding its members of the perennial issues in the nickel ore trade. - more

     Nickel miner shipments jump 9% on better prices - Listed mining firm Nickel Asia Corp. (NAC) saidits estimated value of shipments last year rose by 9 percent to P14.45 billion, from P13.23 billion in 2016. - more

     Why mine closure matters and why it gets ignored - If you want to clear a room of miners, there are few better ways than to raise the topic of mine closure. - more

     Clean energy powering mining recovery - The transition to clean energy is now here, and it’s giving B.C.’s key mining and minerals sector a lift. Vancouver has always been a hotbed for exploration, investment and fundraising in minerals such as gold, silver and copper and a source of global mining expertise. - more

     Steel ministry seeks abolition of coking coal import tax - India’s steel ministry is seeking to remove import tax on coking coal to soften the impact of rising costs on users of the key steel-making fuel and promote production of the alloy that’s crucial for Prime Minister Narendra Modi’s plan to boost domestic manufacturing. - more

     Mining threatens Minnesota's pristine Boundary Waters - Minnesota is called the Land of 10,000 Lakes, and every year, hundreds of thousands of people visit its pristine Boundary Waters Canoe Area Wilderness. - more

     North Bay backs Timmins' bid for Noront plant - North Bay and Timmins are now united in the bid to attract a new Ring of Fire ferrochrome facility to the City of Timmins. - 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)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • 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 18

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Wednesday's trading session at $5.63/lb . Indicators at 6:25 am CST today show 3 month nickel trading around  $.03/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday and now total just over the 362,500 tonne level. Nickel has done little the last few days and the channel it finds itself trading in puts it back to where we ended 2017 at. Technicals remain positive for the long term, although short term reaction to the volatility of this week is mixed. The China stainless steel index dipped again overnight, down another .44%, and down 6.31% from this time last year. A lot of what is going on in China right now is a combination of production curtailment in light of pollution crackdown's and yearly shut downs for the week long New Year holiday festivities. That is still three weeks away but we typically see a slowdown in the weeks prior. The China steel index rose on tightening inventory speculation. The Euro has done little this week, but continues to trade at 3 year highs. This is our final update for the week, and we wish our readers a safe and relaxing weekend and invite you back next week.
  • Average price of cash nickel so far this month - $5.72/lb
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - China metals mixed; upbeat data propels LME copper - more
  • Reuters Daily Inside Metals - pdf here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • U.S. Hits New Peak in Industrial Production - more
  • (SMM) China's crude steel output down 0.3% in Dec
  • U.S. Treasury Yield Hits 2.6%; Europe Stocks Mixed: Markets Wrap - more

     Wednesday's market review - Copper resumes slide as speculators liquidate - Copper resumed its decline on Wednesday as some speculators took profits from a December rally and others went short after prices broke below technical levels. - more

     Top China Nickel Producer Joins BHP in Prepping for EV Boom - China’s top nickel supplier aims to boost output of a material used in car batteries by 40 percent this year, joining the ranks of global producers ramping up operations to meet demand from electric vehicles. - more

  • China’s top nickel producer to ramp up ahead of EV boom - more

     WMS Press Release January 2018 - The Nickel market was in deficit during January to November 2017 with apparent demand exceeding production by 63.6 kt. In the whole of 2016 the calculated deficit was 68.2 kt. - more

     Steel ministry seeks abolition of coking coal import tax - Steel ministry seeks to remove import tax on coking coal to soften the impact of rising costs on steel-making fuel and promote production of the alloy that’s crucial for boosting domestic manufacturing - more

     Sudbury mine deaths could have been avoided: Crown - A decision could come this afternoon in the Ontario Court of Justice trial looking into a fall of ground at Lockerby Mine in 2014 that killed two men. - more

     North Bay sides with Timmins over Sudbury  - North Bay is lending its support to Timmins in its bid for the Noront ferrochrome facility, although some city politicians are dubious of how much weight it will carry. - 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)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • 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 17

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Tuesday's trading session at $5.69/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.06/lb lower. Stockpiles of nickel stored in LME approved warehouses rose on Tuesday and now total just under the 365,000 tonne level. Nickel took a hit yesterday, down around 5% about an hour before we published yesterday's update. It regained some of its looses later in the day, but is down again this morning. Still not seeing any 'news' out there that would be spooking traders, and still believe this is more of a profit taking moment. Support remains at $5.37/lb, while $5.85/lb is giving technical resistance, and $5.90/lb is psychological resistance. SMM has published its forecast for the early part of 2018, and believes nickel prices will remain above $5.44/lb, at least until pig nickel refineries in China come back on line in mid March. The China stainless steel price index we follow is down again, down .57% from yesterday. China's steel index is rising for a second day, and the Euro is trading near three year highs - both adding positive support.
  • Average price of cash nickel so far this month - $5.73/lb
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - Copper ticks higher on bargain hunting after sell-off - more
  • Reuters Daily Inside Metals - pdf here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Reuters - South Korea's MBG Group starts building nickel smelter in Indonesia
  • AIIS Statement on Section 232 Report - more
  • Stocks Ease Back as Dollar Edges Higher; Oil Slips: Markets Wrap - more

     Tuesday's market review - Copper hits 3-1/2-week low, nickel slides more than 5 pct - Base metals slid on Tuesday with copper and nickel hitting multi-week lows as a steadier dollar weighed, profit-taking set in following strong gains late last year and worries lingered over fading demand in China before the Lunar New Year. - more

    Analysis: Nickel to stay firm before mid-March - The LME nickel price is forecast to remain above $12,000/mt before mid-March and the SHFE nickel is set to remain over 93,000 yuan/mt, SMM believes - more

     Canadian companies want to extract nickel, vanadium, cobalt from petcoke - MGX Minerals and Highbury Energy have partnered to prepare a detailed process to extract metals such as nickel, vanadium, and cobalt from petroleum coke. - more

     RNC set to develop the world’s largest nickel-cobalt project - RNC Minerals, also known as Royal Nickel Corp., says it is working to secure $1 billion to develop the world’s largest undeveloped reserves of both nickel and cobalt at the company’s flagship Dumont Project near Amos, northern Quebec. - more

     First Nickel and Taurus Drilling case continues in Sudbury - Final submissions in the case against First Nickel and Taurus Drilling are underway in Sudbury. - more

     What Sportsmen Need to Know About the Boundary Waters Mine - Just before Christmas, the Department of the Interior reversed an Obama administration decision and opened the door for a copper-nickel mine near the Boundary Waters Canoe Area Wilderness in the northeast Arrowhead region of Minnesota. - 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)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • 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 16

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Monday's trading session at $5.83/lb  . Indicators at 6:30 am CST today show 3 month nickel trading around $.24/lb lower. Stockpiles of nickel stored in LME approved warehouses slipped slightly on Monday and remain just over the364,200 tonne level. After failing to close above resistance on two occasions over the past week, nickel was in a free fall this morning. It has quieted a little recently, getting some support as the slide in the Euro ends and turns around. If it turns into a rout, look for support at $5.37/lb. Not finding any reason for the drop except the technical failure to punch thru resistance with any consistency. Traders appear to be pocketing some profits before the market takes them away.
  • Average price of cash nickel so far this month - $5.74/lb
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - Copper hits 3-1/2-week low, nickel slides more than 5 pct - more
  • Reuters Daily Inside Metals - pdf here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Why cobalt will struggle to free itself from the DRC - Andy Home - more
  • Dollar Rises as Euro, Yen Slip; Europe Stocks Jump: Markets Wrap - more
  • Weak La Niña continues over the Pacific - more

     Monday's market review - Zinc scales 10-year peak as base metals rally - Zinc hit another 10-year high on Monday as base metals rallied across the board on the back of a faltering dollar, with expectations that the European Central Bank may start trimming its stimulus programme lifting the euro to a three-year peak. - more

     Asian Market of CR Austenitic Stainless Sheets Starts Calmly - The market of cold-rolled (CR) austenitic stainless steel sheets in the Asian region has calmly started. At the end of last year when prices of CR austenitic stainless sheets were likely to fall, such prices recovered due to a rise in prices of the LME nickel, and as it is, the market has started after the New Year holiday. - more

     Import Volume of SUS Products in November 2017 Is 21,745 Tons = Up by 10% from prior month because of increased import from all main countries = The import volume of stainless steel products in November 2017 which was compiled by the Japan Iron and Steel Federation based on the foreign trade statistics prepared by the Ministry of Finance was 21,745 tons, up by 10.5% from 19,683 tons in the prior month. - more

     Remove import duty on raw materials: Stainless steel industry - Ahead of the budget, the stainless steel industry has asked the government to remove import duty on ferro-nickel and stainless steel scrap. - more

     Vale’s Coleman mine remains closed till mid-February - The Coleman nickel-copper mine near Sudbury, owned by Vale Canada, will remain closed until the middle of next month. The owner suspended operations on Nov. 13, 2017, due to safety concerns. - more

     RNC moves toward production decision for Dumont project - RNC Minerals of Toronto is undertaking work this year so that it can make a production decision on its Dumont nickel-cobalt project near Amos in 2019. - more

     After a forgetful 2015, 2016, stars align for nickel - Nickel, widely used for production of stainless steel, took on more heft in 2017 after a sluggish run in 2015 and 2016. - more

     RBI releases draft on hedging of commodity price risk in overseas markets - The Reserve Bank of India (RBI) Friday released draft norms for Indian companies to hedge their commodities exposure from fluctuating prices in overseas markets. - more

     Verdict expected this week in First Nickel and Taurus Drilling case - A judge is expected to deliver a verdict this week in the trial against First Nickel and Taurus Drilling. - more

     Scientists found excitons in nickel oxide for the first time - Russian scientists from Ural Federal University, together with their colleagues from Institute of Metal Physics of the Ural Department of Russian Academy of Sciences, have studied fundamental characteristics of nickel oxide nanocrystals and found excitons on the light absorption edge for the first time.  - 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)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • 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 15

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Friday's trading session at $5.77/lb . Indicators at 6:55 am CST today show 3 month nickel trading around $.12/lb higher. Stockpiles of nickel store in LME approved warehouses fell on Thursday and Friday and start the week just over the 364,200 tonne level. With stockpiles falling, seeing the cancelled warrants reading fall below the 30% level for the first time since June of last year is a surprise. The Euro continues to trade higher against the US Dollar, and currently trading at 3 year highs. This is giving LME traded base metals a positive boost. Nickel traders appear to be making another run for the $13,000 tonne level, after falling back to $12,600/tonne last Thursday. A stainless steel index from China we follow fell .23% last week, down 6.2% from this time last year. Interesting week ahead and we wish our readers a good week.
  • Average price of cash nickel so far this month - $5.73/lb
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - Zinc surges to 10-year peak as base metals rally - more
  • Reuters Daily Inside Metals - pdf here
  • U.S. Exports of Stainless Steel Mill Products - more

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Cobalt tax grab will send carmakers on a diversion - more
  • November 2017 US Steel Exports Press Release - more
  • China's commodities buying spree stalls in Dec amid smog fight - more
  • Dollar Slide Deepens as Euro Strength Saps Stocks: Markets Wrap - more

     Friday's market review - Zinc touches new decade peak on tight market - Zinc prices edged up to their highest in more than a decade on Friday, supported by potential shortages and low inventories, but some investors voiced concern about the lofty levels. - more

     Appeal for safety in New Caledonia mines - New Caledonia's mining industry has appealed to all institutions to help restore a safe working environment. - more

     Pro-mining group strongly supports project near the Boundary Waters - The pro-mining group ‘Up North Jobs’ is suing to overturn an order by Gov. Mark Dayton that was considered a setback to the proposed Twin Metals copper-nickel mine near Ely. - more

  • PolyMet approval process is setting a high bar — as it should - more

     Geologists report new promising platinum deposit in Russia's north - According to geologists, the resources in the studied area are about 525 thousand tons of nickel, 464 thousand tons of copper, 29.5 tons of platinum and 133.9 tons of palladium - more

     Zimbabwe: Miners Grapple Falling Ore Grades - Zimbabwe's mining industry, which government has identified as one of the cornerstones of economic growth and development, is facing an uncertain future as the average grade of mineral ore is deteriorating. - more

     12 tonnes of nickel nicked in Bridgend - Officers investigating a high-value metal theft from a Bridgend distribution warehouse are appealing for information. - more

     N. Bay to study supporting Timmins ferrochrome bid - North Bay city politicians will consider throwing their support behind a bid by Timmins for the Noront ferrochrome production facility. - 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)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • 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 11

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Wednesday's trading session at $5.87/lb . Indicators at 6:25 am CST today show 3 month nickel trading around $.02/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose on Wednesday and now total just under the 368,300 tonne level. Crossing $13,000/tonne yesterday, nickel hit its highest level since April 2015. Back under we are now trading where we were back in early November of last year, before nickel took a month long break from last falls bullish run. We peaked at $5.87/lb twice back then, so that is where we show resistance. Short term technicals have turned mixed, but longer term remain positive. The Euro and China steel prices are quiet today, so neither are adding any momentum to the market, in either direction. Stockpiles are just under 4,000 tonne shy of where they were this time last year, and 1500 tonnes ahead of where the year started. This is our last update for the week, so we wish you a safe and relaxing first full weekend of 2018.
  • Average price of cash nickel so far this month - $5.71/lb
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - Shanghai nickel hits 2-month high on tight stocks, output concerns - more
  • Reuters Daily Inside Metals - pdf here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • European Stocks Decline; Treasuries Gain With Gold: Markets Wrap - more

     Wednesday review - Nickel pushes through technical levels to 2-1/2 year high - Nickel broke through key technical levels to reach its highest since 2015 on Wednesday as a sharply weaker dollar helped push dollar-denominated industrial metals broadly higher by making them cheaper for users of other currencies. - more

  • Nickel hits 2-1/2 year high on weaker $US - more

     Madagascar nickel mine halts output due to cyclone - Japan’s Sumitomo Corp on Thursday said it and partners Sherritt International Corp and Korea Resources Corp halted output at the Ambatovy nickel mine in Madagascar on Jan. 4, the day before Cyclone Ava hit the area  - more

     The World's Biggest Miner Is Building a Battery Supply Hub It Doesn't Want - Electric vehicles could hold the key to BHP Billiton Ltd. finally finding a buyer for its unwanted nickel operations. - more

     Long-term nickel outlook buoys chief economist - The Federal Government’s office of the chief economist has revised up nickel price forecasts and joined the chorus of voices seeing a jump in future demand for the commodity from the electric vehicle industry. - more

  • Gundlach Sees Commodities Outperforming in Late-Cycle Boom - more

     Philippine nickel ore exports down on bad weather - The decline in nickel ore shipments to China from the Philippines was mainly due to bad weather in Tawi-Tawi while the impact of environmental protection issues in Zambales was rather small. - more

     Regency Mines increases focus on battery metals - Regency Mines is increasing its focus on the battery metals sector where it claims there are significant opportunities. - 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)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • 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 10

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Tuesday's trading session at $5.76/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.15/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and now total just under the 365,900 tonne level. Nickel is jumping today, thanks in part to a stronger Euro, and in part due to speculation based on yesterday's positive World Bank forecast. The Euro is yet back to where it started Monday, but its on the rise. The World Bank forecast sees warning signs for future growth, but do not see them arising this year - thus giving traders room to speculate. At the moment, nickel is trading above resistance at $5.87/lb, but off an earlier high of $5.96/lb. $5.90/lb, or $13,000 kt will offer a psychological level of resistance, which at the moment is holding.
  • Average price of cash nickel so far this month - $5.69/lb
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - Copper up from 2-week low on weaker dollar, global growth forecast - more
  • Reuters Daily Inside Metals - pdf here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • China's Baosteel keeps main steel product prices for Feb-March unchanged - more
  • November Steel Shipments Up 10.3 Percent From November 2016 - more
  • Stock Rally Tested Amid Rise in Yields; Oil Jumps: Markets Wrap - more

     (Tuesday's review) Tumbling stocks, deficits power zinc's rally to 2007 levels - Zinc prices hit their highest in more than a decade on Tuesday as investors anticipating another year of shortages and falling inventories bought the metal used to galvanise steel. - more 

     Global Economy to Edge Up to 3.1 percent in 2018 but Future Potential Growth a Concern - The World Bank forecasts global economic growth to edge up to 3.1 percent in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing, and trade continues, and as commodity-exporting developing economies benefit from firming commodity prices. - more

     Ji Lin Ji En Nickel Industry receives verdict regarding loan contract disputes - Says it received verdict regarding loan lawsuit filed by Jilin branch of China Huarong Asset Management Co Ltd again the co and two other firms - more

     Property agents look to refinery reopening to spur economy - A reopening or sale of the shuttered Yabulu nickel refinery has been flagged as one of several big developments likely to help spur the economy of Townsville in 2018. - more

     St George backs up nickel find with more high grades - St George Mining’s high-grade Cathedrals prospect in W.A continues to deliver, with latest assay results showing yet more impressive hits of nickel, copper, cobalt and platinum group elements and extending the area of known mineralisation. - more

     Stainless Steel 304 and 316 – The Differences - Stainless is a term that was applied to cover a broad range of steel types and grades developed for oxidation or corrosion resistant applications. - more

     Our View: PolyMet input needed now more than ever - After more than 10 years of skepticism, scrutiny, research, and exhaustive environmental review, what more could possibly be left to discuss and decide regarding the proposed PolyMet copper-nickel mine in Northeastern Minnesota? - more

  • Mining supporters sue Dayton over Twin Metals land access - more

     Stress Corrosion Cracking of Nickel Based Alloys in Water-cooled Nuclear Reactors - The new report from Energy & Natural Resources Market Reports has been published today. It provides updated in 2018 year analysis of energy & natural resources industries. - 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)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • 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 9

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Monday's trading session at $5.68/lb . Indicators at 6:25 am CST today show 3 month nickel trading around $.01/lb lower. Stockpiles of nickel stored in LME licensed warehouses fell on Monday and now total just over the 367,050 tonne level. So far, nickel is entering its third day of doing a big nothing. Daily technicals remain positive, while hourly have soured. The Euro is lower again today against teh US Dollar, adding negative pressure. China steel futures are quiet today, while the price of nickel on the Shanghai Metal Exchange Market, which typically plays follow the leader to the LME, jumped over 1% last night. We noticed a tweet yesterday from DNRR Global who posted a graph showing the expected sales of EV vehicles in 202 wold require an extra 85,000 tonnes of nickel. The highest level of nickel stocked in LME warehouses last year was back in January at 389,154 tonnes in August. The year started at 372,066 tonnes, only 6000 more tonnes than this year started. Unless some major demand other than forecasted EV increase hits, or production falls off a cliff in the next few years, stockpiles can cover the increase in demand with years more in reserve.  
  • Average price of cash nickel so far this month - $5.65/lb
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - LME copper gains as U.S. dollar's rise slows - more
  • Reuters Daily Inside Metals - pdf here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Coal dwarfs battery metals in mining deals despite war on pollution - more
  • Finland considers speeding up ban on coal; industry reacts strongly - more
  • Europe Stocks Extend Rally; Dollar, Yen Strengthen: Markets Wrap - more

     Copper hits two-week low, zinc at highest in more than a decade - Copper hit a two-week low on Monday, weighed down by a stronger dollar and as the market consolidated following sharp gains in December, while zinc again reached its highest in more than a decade on supply concerns. - more

     Japan's Purchase Price of HC FeCr for Jan-Mar Down by US Cents 21 = US Cents 126 per lb, which is due to price cut in Chinese domestic market = Japanese stainless steel mills have continued negotiation with multiple overseas ferro-chrome producers to fix the purchase price of high-carbon ferro-chrome for the period from January to March in 2018 and have this time come to an agreement on the price to be down by US Cents 21 from the prior period. - more

     Experts hired to review mining operations - The review of the 26 mining operations ordered shuttered or suspended by former environment chief Regina Paz Lopez last year will start this month, with 25 experts hired to do it, the Department of Finance (DOF) said yesterday. - more

     Cars burned in attack on New Caledonia mine - There has been a fresh spate of vandalism at a New Caledonian mine site on the east coast of the main island. - more

     Courtesy AISI - In the week ending on January 6, 2018, domestic raw steel production was 1,649,000 net tons while the capability utilization rate was 70.7 percent. Production was 1,736,000 net tons in the week ending January 6, 2017 while the capability utilization then was 74.5 percent. The current week production represents a 5.0 percent decrease from the same period in the previous year. Production for the week ending January 6, 2018 is up 0.7 percent from the previous week ending December 30, 2017 when production was 1,637,000 net tons and the rate of capability utilization was 70.2 percent. - more

     Website launched for Sault’s ferrochrome processing facility project - A website was launched today by the project team working on a proposal to have Sault Ste. Marie considered as a potential site to host a ferrochrome processing facility (FPF). - 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)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • 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 8

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Friday's trading session at $5.68/lb . Indicators at 6:25 am CST today show 3 month nickel trading around $.01/lb lower. Stockpiles of nickel held in LME licensed warehouses jumped sharply on Friday and now total just over the 368,400 tonne level. Technicals remain positive, although there is a negative, albeit slight, trendline setting up for trading so far this year. A China stainless steel index we follow is showing it fell nearly 1% last week. A similar steel index is off 2-1/2% from the prior week. The Euro is off slightly against the US Dollar this morning, although it remains near three year highs. First full week of trading for nickel.
  • Average price of cash nickel so far this month -
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - Copper consolidates, aluminium falls to near 2-week low - more
  • Reuters Daily Inside Metals - pdf here
  • U.S. Imports of Stainless Steel Mill Products - more

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Mini mining boom as export earnings hit a record $214b - more
  • CHARTS: Big mining's surge in value shames tech giants - more
  • Stocks Extend Rally Before Earnings; Euro Declines: Markets Wrap - more

     Friday review - Zinc hits more than 10-year high on deficit worries - Zinc hit its highest in more than a decade on Friday as concerns over market tightness persisted, while copper hit a two-week low as Chinese investor interest was muted with the Lunar New Year holidays looming. - more

     Slowing China demand to curb PH nickel ore exports - Weaker metal demand from China is expected to affect the local mining industry, which has been the Mainland’s chief supplier when it came to nickel ore. - more

    FeNi Luppen may change nickel supply landscape - A similar product to nickel pig iron (NPI) produced in Indonesia, FeNi Luppen, is set to change the global nickel supply pattern if Chinese stainless steel mills are receptive, SMM learned. - more

     Cobalt price bulls' worst fears may just have been confirmed - Cobalt prices went ballistic in 2017 with the metal quoted on the LME ending the year at $75,500, a 129% annual surge sparked by intensifying supply fears and an expected demand spike from battery markets. - more

     Charge chrome smuggling racket thrives - A racket has been smuggling charge chrome out of the IDCOL-run ferroalloys plant here. - more

     Miners in the fast lane on electric vehicle surge - In car factories and showrooms, and on highways and streets around the world, a quiet revolution is gathering speed. - more

     Jubilee Metals Says Tailings Spill Occurred at Hernic's Ferrochrome Mine In South Africa - more

     Commodities: Winners And Losers Of 2017 - The Dow Jones Commodity Index was up 3.0% for the month and up 4.4% YTD, and the S&P GSCI was up 4.4% with a YTD return of 5.8%. - more

     How A Chilean Billionaire Could Poison A Minnesota Wilderness - Trump’s Interior Department is reinstating two 1966 leases, written before today’s federal environmental laws, that could allow a Chilean mining company to build a giant copper-and-nickel mine adjacent to the Boundary Waters wilderness area in northern Minnesota. - more

  • PolyMet is nearly clear to build controversial Iron Range mine - more
  • 4 things to know about the PolyMet 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)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • 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 4

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Wednesday's trading session at $5.62/lb . Indicators at 6:25 am CST today show 3 month nickel trading around $.10/lb higher. Stockpiles of nickel stored in LME approved warehouses fell o Wednesday and now total just over the 365,900 tonne level. After starting the year with a pair of negative days, nickel bulls have risen to the challenge and drove nickel higher this morning. The Euro continues to trade higher against the US Dollar, adding positive momentum that traders have not been taking advantage of the last few days. Chinese steel futures are meandering, and off December highs. Technical indicators are nearly all firmly bullish, with fundamental indicators quiet. The Baltic Dry Index had its first gainer day since it peaked out at 1743 on Dec 12th; today reading 1262. This is our final update for the week and we wish you a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $5.71/lb
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - Zinc hits more than 10-year high on deficit worries - more
  • Reuters Daily Inside Metals - pdf here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Stocks Climb on Global Growth Hopes; Dollar Slides: Markets Wrap - more

     Wednesday review - Seasonal demand for car batteries lifts lead to 11-week peak - Lead prices hit an 11-week high on Wednesday as expectations of seasonally strong demand and the likelihood of shortages over the winter months spurred investor buying. - more

     North American Stainless press release - For many years the North American Stainless Traffic department has worked hard to bring you high service scheduling of your product at very reasonable prices. Since our last freight rate change more than five years ago, the freight industry has changed significantly with new government regulations and operational cost leading to higher freight expenses. In effort to offer stability in supply NAS has worked the last couple of years to absorb these increases but the continued rise of rates now requires NAS to pass a portion of these cost on through a freight rate increase. Effective January 15th, 2018, North American Stainless will increase rates an average of 20%. The rate increases will vary depending on shipping lane/location. - more

     Electric Cars Charge Up Cobalt -- WSJ - A handful of Canadian miners are ramping up operations to mine cobalt, betting on demand for a socially responsible source of the metal that is in high demand as a key component of electric cars. - more

     Trump administration renews mining leases near Minnesota wilderness, reversing Obama - The Trump administration moved Friday to renew leases for a copper and nickel mining operation on the border of Minnesota’s Boundary Waters Canoe Area Wilderness, reversing a decision made in the final weeks of Barack Obama’s tenure in office. - more

     Courtesy AISI - In the week ending on December 30, 2017, domestic raw steel production was 1,637,000 net tons while the capability utilization rate was 70.2 percent. Production was 1,607,000 net tons in the week ending December 30, 2016 while the capability utilization then was 67.8 percent. The current week production represents a 1.9 percent increase from the same period in the previous year. Production for the week ending December 30, 2017 is down 4.7 percent from the previous week ending December 23, 2017 when production was 1,718,000 net tons and the rate of capability utilization was 73.7 percent. - source

     Dangerous powder not used in Sudbury mines - The McIntyre Powder Project has obtained a document that outlines all the mines in Ontario where aluminum dust was used in an ill-fated attempt to protect workers from developing a lung condition known as silicosis. - 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)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • 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 3

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Tuesday's trading session at $5.72/lb . Indicators at 6:20 am CST today show 3 month nickel trading around $.04/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and now totals just under the 366,100 tonne level. Nickel peaked at $5.81/lb in early morning trading yesterday, and has been on a down trend since. The CHina steel index continues to slowly trend lower, after peaking on Dec 22nd. We show resistance at $5.81/lb, with support at $5.37/lb. Technical indicators remain bullish. Second article below covers BMI Research's forecast for nickel to average $4.54/lb in the coming year.
  • Average price of cash nickel so far this month - $5.76/lb
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - China metals ease; lead gains as frigid weather persists - more
  • Reuters Daily Inside Metals - pdf here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (SMM) China’s steel MPI in December stood at 50.2 points, down 2.9 points from November
  • Europe Stocks Gain as MiFID Begins; Dollar Rises: Markets Wrap - more
  • La Niña persists in the tropical Pacific - more

     Tuesday review - Deficits on the horizon drive zinc to 10-year peak - Zinc scaled 10-year peaks on Tuesday as the market focused on looming deficits due to falling supplies, but gains were capped as prices are at levels which are likely to encourage investment in new output. - more

     The global downtrend of nickel is set to continue - Nickel prices are set to unwind in coming months as fundamentals loosen on the back of increased supply from Indonesia and subdued demand from China. - more

     Nickel on the upswing - It looks like 2018 will be a very good year for nickel. Last month, world metal markets closed for the Christmas break with nickel on an upswing. The metal reached $5.46/pound U.S., more than $1 U.S. higher than the average price of $4.43/pound U.S. in the first half of the year. - more

     After a rollercoaster ride, commodities show their mettle - After the rollercoaster ride of recent years, commodity markets enjoyed a strong year in 2017, with investors and mining companies adjusting to the new normal – and banking the gains. - more

     This is how much copper, nickel, cobalt an electric vehicle world needs - Glencore's investor day on Tuesday painted a positive picture not just of the Swiss miner and commodities trader's business but also had good news for the mining industry as a whole. - more

     Don't Mine What's Mine: Boundary Waters Threatened Again - The Boundary Waters is a special wild-place. An interconnected system of lakes, rivers, smaller tributaries, and wetlands, spanning over a million acres along the northern edge of Minnesota, it has been kept pristine thanks to its wilderness designation. Formally known as the Boundary Waters Canoe Area Wilderness (BWCAW), it is America’s most visited wilderness. - more

    Tennessee teen’s allergy to braces almost killed her - A teenage girl who suffered fevers, blisters on her mouth and excruciating pain while chewing and swallowing stumped doctors for months until it was finally revealed that her braces were behind her painful symptoms. - 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)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • 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 2

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Friday's trading session at $5.79/lb . Indicators at 6:20 am CST today show 3 month nickel trading around $.06/lb higher. Stockpiles of nickel store din LME licensed warehouses fell to start the week just over the 366,600 tonne level. For 2017, stockpiles started the year at 372,066 tonnes and ended 5,454 tonnes lower. The most it registered for 2017 was on August 31st, at 389,154 tonnes, and Friday's close was the low. Thus, LME stockpiles did a big nothing during the year. Seeing a few reports that nickel closed 26 to 27% higher for the year. This would apparently be based on the fact nickel ended 2016 at $4.55/lb and closed at $5.79/lb on the last day of 2017. That is one way of looking at it, but we would tend to think the average price of nickel over the entire year would be a little more realistic and an increase of $4.36/lb to $4.73/lb is much smaller. The average of the first three moths of 2017 was much smaller at $4.67/lb than the $5.66/lb of the last three. Either way, it was a good year for nickel producers and with strong economies in most parts of the world, it was a good year for stainless steel producers as well.
  • Average price of cash nickel so far this month - $5.18/lb (December average)
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - LME copper starts 2018 firmer on strong China demand - more
  • Reuters Daily Inside Metals - pdf here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • European Stocks Slide; Dollar Extends Decline: Markets Wrap - more

     Friday review - Chile and China to shape copper's fortunes next year - China’s war on polluting industries, its supply reforms and robust demand growth have this year combined to create a bonanza for copper and aluminium which are heading for their biggest rises since 2009. - more

     Base Metals: Zinc & Lead to outperform peers - TDS - Analysts at TDS expect that certain metals will outperform their peers, as the respective markets tighten while scarce inventories along with firm demand precipitate deficits. - more

     Clear winners: China's war on smog lifts metals, LNG to multi-year peaks - Industrial metals, liquefied natural gas and steel are expected to finish 2017 in stunning fashion as a crackdown on pollution in China, the world’s no.2 economy, boosts demand for cleaner fossil fuels and raw materials vital to clean-tech industries. - more

     North American Stainless press releases - #1 For the month of January 2018, North American Stainless will maintain the fuel surcharge at 23% for stainless flat and long products. #2Effective with shipments January 1, 2018, North American Stainless will make the following price changes: • Cold Rolled 300 series, 200 series, and 400 series increase achieved by reducing the functional discount 2 points. - more

     Supreme Court rules in favour of Mount Isa Mines and allows removal of QNI equipment from Port of Townsville - Plans to reopen Yabulu nickel refinery have struck a snag with Glencore terminating the QNI joint venture’s Townsville port berth licence and the Supreme Court ruling the joint venture’s equipment can be removed from the berth. - more

     Copper-nickel mining near the Boundary Waters - Chile´s Antofagasta Plc will push ahead with permitting for a copper-nickel mine in Minnesota after the Trump administration overturned an Obama-era decision to protect the Boundary Waters wilderness area. - 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)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • 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

December Archives


Chart temporarily down

Chart Info Delayed 1 Day

Nickel Graph Temporarily Down

Chart temporarily down


Translate this page to French | German | Spanish | Italian | Portuguese | Chinese | Japanese | Korean | Russian


"A Guide To LME Trading"...pdf here (all ton listings are metric tons = 2204.622 pounds ) Updated Monday thru Thursday before 8 am CST - Disclaimer Original 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.

Price of Nickel

Nickel Graph Temporarily Down

1 and 5 year nickel chart

Daily Commodity Prices

Site Pages

Stainless Steel Surcharge
Worldwide PMI

MEPS Stainless Steel Price Index

Global 304 SS Index

nickel prices

North America 304 Index

price of stainless steel

EU 304 SS Index

price of nickel

Asia 304 SS Index

Archives

2018
January February March
April May June July August
September

2017
January February March
April May June July August
September October
November December

2016
January February March
April May June July August
September October
November December

2015 and prior



nickel news




Nickel Publications at Amazon

Contact author  /   EStainlessSteel Home Page

Your free daily news source for nickel, molybdenum, ferrochrome, chromium, iron ore and stainless steel market prices and news.

Any reproduction in whole, or in part, without permission from the author is prohibited.
© 2003-2018