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Thursday, June 30
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.28/lb. Indicators at
5:50 am CST today show 3 month nickel trading $.03/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Wednesday and now total
just under the 379,350 tonne level. Nickel continues to climb, and is trading
above all moving day averages. We see major resistance at $4.33/lb, so it
will be interesting to see if this bullish run has enough momentum to punch
thru resistance, or will it hit a brick wall. This is our last update for
the week, so enjoy your wekend and stay safe.
Average price of cash nickel so far this month - $4.03/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
European Stocks Rise, Bonds Drop as Brexit Angst Muffles Moves -
more
Clive
Palmer wants to reopen nickel refinery: report - Outgoing MP Clive Palmer
says he plans to have his defunct Queensland Nickel refinery up and running
again by March next year. -
more
Clive Palmer wants Yabulu nickel refinery running by March 31 -
more
Cuba courting
nickel investors - Cuba is courting investors to modernize its nickel industry,
cut production costs and increase output, government officials tell Argus.
-
more
Nickel
Asia’s four operating firms eyeing for international certification -
The country’s largest nickel producer, Nickel Asia Corp. (NAC), has
already secured recommendation for its desired international certification
for all its operating companies, a development that supports the firm’s
claim that it complies to policy and objectives of global standards. -
more
Remote
Port of Wyndham faces uncertain future after loss of nickel exports - The
past couple of years at the Port of Wyndham, in Western Australia's far north,
reveal a telling insight into Australia's ailing resources industries. -
more
Zimbabwe:
BNC Profit Declines 94 Percent - Bindura Nickel Corporation Limited profit
after tax for the year ended March 31, 2016 slumped 94 percent to $0,65 million
on lower production and subdued global commodity prices . -
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, June 29
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.24/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.03/lb
lower. Stockpiles
of nickel stored in LME approved warehouse fell on Tuesday and now total
just under the 380,300 tonne level. Nickel spiked yesterday, closing at a
seven week high. Fitch group research firm BMI has updated their metals forecast
for 2016 and have left nickel at $4.08/lb.
Average price of cash nickel so far this month - $4.02/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Global Stocks Rally With Crude Oil on Fed Rate Odds; Gold Gains -
more
BMI lifts
thermal coal price outlook; says nickel has bottomed - Fitch group
research firm BMI has raised its thermal coal price forecasts on the back
of a more aggressive contraction in global mine output than initially expected,
mainly in China. -
more
S.
African Charge Chrome Price for Europe in Jul-Sept Up by US Cents 16 - On
June 22, Merafe Resources Limited, South Africa, a joint venture partner
for Glencore -Merafe Chrome Venture announced on its home page that the benchmark
price of South African charge chrome meant for Europe for shipments from
July to September in 2016 was settled at US Cents 98.0 per lb. -
more
Prosecutor elevates Nickel Asia’s libel case against NGO - Nickel Asia
Corp. said Tuesday the Taguig City Prosecutor Office recommended the filing
of charges against a non-government organization for spreading malicious
information against affiliate Hinatuan Mining Corp. -
more
Range lawmakers,
mining officials want Twin Metals hearing moved - US and Iron Range lawmakers
are fighting the US Forest Service's decision on the location of an upcoming
public meeting about the proposed Twin Metals project. -
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, June 28
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.07/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.06/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Monday and now total
just under the 381,100 tonne level. Equity markets are getting some relief
from the Brexit sell off today, but we will have to wait and see if it turns
out to be more than a dead cat bounce. Base metals are in tow, shadowing
stocks, but with no where near the volatility, or price swings. The market
remains uncertain of what effect the Brexit vote could have on world economies,
so expect the volatility to stick around for awhile.
Average price of cash nickel so far this month - $4.02/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Stocks Halt Brexit Selloff as Pound Advances With Commodities -
more
A new
threat to China's nickel pig iron producers? Andy Home - What sort of threat
does the election of a new government in the Philippines pose to China's
nickel pig iron (NPI) sector? -
more
Former owners
seek compensation for seized Cuba nickle mines - Cuba?s most well-known exports
may be cigars, rum and sugar, but its nickel deposits are earning the country
more than all those combined -
more
First
Ore mined In Development At Nova - Independence Group NL has mined
the first development ore at the Company’s Nova Project in Western
Australia.-
more
Zimbabwe
loses half its daily power supply after technical hitch - Zimbabwe lost half
of its daily power supply on Tuesday after a technical hitch, the state power
company said, disrupting business in an economy struggling to overcome a
commodities downturn and severe drought. -
more
Nickel mines
targets site processing - Consolidated Nickel Mines Limited, a wholly owned
company of Mabiza Resources Limited, is looking for a possibility of processing
nickel into metal at Munali Nickel Mine in Mazabuka in Southern Province.
- more
Court
battle over Tata Steel KZN - Two companies are battling it out in the Durban
Regional Court for the right to acquire the liquidated Tata Steel KwaZulu-Natal.
TSKZN was liquidated last July after a business rescue attempt had failed.
The plant was subsequently shut. -
more
Courtesy AISI
- In the week ending June 25, 2016, domestic raw steel production was 1,757,000
net tons while the capability utilization rate was 75.1 percent. Production
was 1,760,000 net tons in the week ending June 25, 2015 while the capability
utilization then was 74.4 percent. The current week production represents
a 0.2 percent decrease from the same period in the previous year. Production
for the week ending June 25, 2016 is up 0.4 percent from the previous week
ending June 18, 2016 when production was 1,750,000 net tons and the rate
of capability utilization was 74.8 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, June 27
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.09/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.04/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on both Thursday and Friday
and start the week just under the 381,800 tonne level. Markets were taken
completely by surprise on Friday, when Britain voted to separate from the
EU. The Euro fell and continues to trade lower today. Equity markets fell
sharply lower on Friday and are faring little better today. But base metals
have shown very little reaction in comparison. Nickel fell 2% on Friday,
but has recovered much of that today. The political situation in the Philippines
is offering moral support for nickel, but we expect a volatile week ahead
as traders try to determine the long term effects of Brexit.
Average price of cash nickel so far this month - $4.02/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
China May industrial profit growth slows to 3.7 pct y/y -
more
Pound Slumps, Banks Tumble on Brexit Fallout; Bonds Extend Gains -
more
Philippines
Review Poses Upside Risk For Nickel - The Philippines presents an upside
risk to nickel prices, which have been in the doldrums for some time. A surplus
persists in the nickel market and analysts at Commonwealth Bank expect this
situation to limit price growth in the short term. -
more
Ambatovy
Shutdown - Sherritt International Corporation today announced the commencement
of a 14 day shutdown at the Ambatovy Joint Venture, bringing forward activity
originally intended to be performed in August. -
more
China to
cut steel capacity by 45 million tonnes this year: state planner - Capacity
cuts would involve relocating 700,000 jobs in coal and 180,000 steel workers
-
more
Prices of
CR Austenitic Stainless Sheets in East Asia Stabilize at $1,850 CFR Level
- Prices of cold-rolled (CR) austenitic stainless steel sheets in the East
Asian region being high at the level of $1,900 CFR were adjusted downward
but have become stable at the level of $1,850 CFR. -
more
LME Mo
Price Marks New Record High of US$17,000/Ton for Year = Price returns to
level in beginning of last June = LME molybdenum prices for both cash
seller/settlement and 3-month seller rose to US$17,000 per ton (= US$7.71
per lb) on June 17, which marked a new record high for the year. -
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, June 23
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.19/lb. Indicators at
6:00 am CST today show 3 month nickel trading around $.04/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell on Wednesday and now total
just over the 383,500 tonne level. Today is the big day in Britain, with
the Brexit vote taking place as we write. The bets are on stay, which should
not only boost the market, but might even give a boost to the Euro, a positive
for base metals. If exit wins, all bets are off. No one really knows what
to expect if the majority of Great Britain citizens vote to leave the Euro,
so no none really knows how the market will react. The Euro would most likely
fall, which could drag base metals prices along with it. This week the anti-mine
rhetoric coming out of the new Philippines government caught a lot of attention
and the new head the Department of Environment and Natural Resources comment
today that open pit mining is madness is sure to raise some eyebrows. This
is our last update for the week. We hope each of you has a safe and relaxing
weekend and we invite you back next week.
Average price of cash nickel so far this month - $4.00/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
South Africa's Merafe Resources reported on Wednesday that the European benchmark
ferrochrome price for the 3rd quarter of 2016 will be 98 cents per pound,
up 19.6 % from the second quarter.
Stocks Rise With U.S. Futures as Pound Gains While U.K. Votes -
more
New
Philippine minister says open-pit mining is "madness" - The incoming minister
in charge of Philippine mining has slammed the use of open pits to extract
minerals, describing it as "madness" even to consider the method in the
resource-rich country because of the environmental impact. -
more
Miners reel for 2nd day; stocks of Lopez firms soar -
more
Potential
rival to LME would be costly; tie-up an option - The idea of launching a
platform to rival the London Metal Exchange, the world's biggest market for
industrial metals, is unlikely to become reality without large amounts of
capital but a viable alternative could be a tie-up with another exchange.
-
more
Trade war
looms as China lashes US over 500pc steel tariffs - China has accused the
United States of protectionism after Washington approved plans to hit Chinese
steelmakers with tariffs of more than 500 per cent, raising the prospect
of a global trade war. -
more
At
Least 185 Environmental Activists Were Murdered Last Year - Environmentalism
has never been more dangerous. According to findings published Monday by
the NGO Global Witness, 2015 marked the bloodiest year on record for
environmental activists and land defenders. -
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, June 22
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.17/lb. Indicators
at 6:00 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 385,550 tonne level. The Euro continues to strengthen, which
is boosting commodity prices. Nickel is also getting support from the situation
in Philippines and a potential shift in government support for mining from
the incoming President. After Indonesia stopped the export of raw nickel
ore, the Philippines have become the dominant source for China. A disruption
to this supply source, could make so called 'pig nickel', far less of a market
player and price spoiler.
Average price of cash nickel so far this month - $3.99/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(PR) AK Steel said today that it will increase base prices for all specialty
sheet and strip stainless steel products by 3%-6%, effective July 5, 2016.
Stocks Trade Near Week High Before Brexit Vote; Commodities Gain -
more
China’s Nickel Ore Lifeline at Risk as Philippines Talks Tough - Nickel
ore shipments from the Philippines may be jeopardized by President-elect
Rodrigo Duterte’s appointment of an anti-mining crusader to head the
country’s environment department, a move that may potentially disrupt
supplies to Chinese buyers. -
more
SC
orders Zambales mining firms to stop operations - The Temporary Environmental
Protection Order comes with the writ of kalikasan issued by the High Court,
which has found merit in the petition filed by the residents of Zambales
-
more
Market Trend
of Import of Ferroalloy as of 15 June 2016 = Prices of Chinese ferroalloys
stop declining, and Mo price drops back = The market trend of import of
ferroalloy as of 15 June 2016 is as follows. -
more
Jindal Stainless
promoter pledges 11.49% stake - Jindal Stainless said its promoter, JSL Overseas,
has pledged 11.49 percent stake in the firm with SBICAP Trusteeship Company.
-
more
Clive
Palmer moves to sack QNI liquidator - Businessman Clive Palmer is trying
to have FTI Consulting sacked as liquidators of his Queensland Nickel refinery.
-
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, June 21
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.21/lb. Indicators at
6:00 am CST today show 3 month nickel trading around $.03/lb
lower. Stockpiles
of nickel stored in LME approved warehouses rose slightly on Monday and now
total just over the 386,050 tonne level. After a big news day yesterday,
nickel related news is light today. Nickel closed at a six week high yesterday
on a strong Euro, but we are seeing a struggle this morning between those
taking some profits and those who are trying to drive the price higher. Euro
is still climbing so we don't see the rally ending anytime soon. It's all
about the Brexit vote on Thursday and with Marketwatch headlines like "Soros
says if Brits vote Brexit, start bracing for a ‘Black Friday’"
you can understand why the markets are paying close attention. The sentiment
had seemed to favor a majority vote to leave the European Union recently,
but the latest poll, showed sentiment had shifted to staying. Thus, the market
is reacting favorably.
Average price of cash nickel so far this month - $3.98/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(Tweet) China May refined nickel imports +59.99% y/y at 37,559 tonnes
Stocks Gain With Pound as Dollar Falls Before Yellen’s Testimony -
more
Chance of a negative Indian Ocean Dipole event increases -
more
Copper
gains as Brexit worries ease; nickel hits six-week peak - Copper and other
base metals extended gains on Monday as concern that Britain might leave
the European Union eased and nickel hit a six-week peak on concern about
top supplier Philippines. -
more
SC
issues writ of kalikasan against five mining firms in Zambales - The Supreme
Court (SC) issued on Tuesday (June 21) writ of kalikasan against five mining
firms operating in Zambales and directed the Court of Appeals (CA) to start
hearings on the case filed by the Concerned Citizens of Santa Cruz (CCOS).
-
more
Sudbury
activists not getting credit: Mine Miller - In a morning filled with more
than a dozen heartfelt speeches, Tom Rannelli's address at the 32nd Workers'
Memorial Day stood out. -
more
Courtesy AISI
- In the week ending June 18, 2016, domestic raw steel production was 1,750,000
net tons while the capability utilization rate was 74.8 percent. Production
was 1,760,000 net tons in the week ending June 18, 2015 while the capability
utilization then was 74.4 percent. The current week production represents
a 0.6 percent decrease from the same period in the previous year. Production
for the week ending June 18, 2016 is down 1.6 percent from the previous week
ending June 11, 2016 when production was 1,779,000 net tons and the rate
of capability utilization was 76.1 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, June 20
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.11/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.05/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Thursday and Friday and
start the week just over the 385,900 tonne level. The Euro is getting a bounce
from reports that polls show the Brexit referendum could fall short. This,
in turn, is giving metals trading a boost. Expect volatility this week, unti
the Brexit vote is done on Thursday.
Average price of cash nickel so far this month - $3.97/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Stocks Surge With Pound as Brexit Chances Decline; Naira Tumbles -
more
China to
reinvestigate anti-dumping case into stainless steel tubes from EU, Japan
- China's Commerce Ministry said on Monday it would reinvestigate its
anti-dumping case into imports of high performance, seamless stainless steel
tubes from Japan and the European Union. -
more
WBMS: Nickel, Tin markets end in minor deficit; Zinc records tiny surplus
- The latest Metals Balances Report for the first four months of the current
year released by the World Bureau of Metal Statistics (WBMS) indicates that
Nickel market has ended in a small deficit during Jan-Apr ’16. -
more
U.S. Mo Import
& Export Balance in Jan-Apr = In April, export was down, but import made
recovery = According to the calculation to figure out volumes of molybdenum
import and export in pure Mo equivalent based on the foreign trade statistics
of United States Department of Commerce, the export volume in the period
from January to April in 2016 was 8.31 million lbs, drastically down by 48.7%
from 16.19 million lbs in the year-earlier period. -
more
New challenges,
new opportunities for Cuban nickel - Cuban nickel, one of the island's chief
sources of revenue, faces some tough challenges in its need for efficiency
and in its search for foreign partners to drive an industry weakened by the
mineral's ebbing international prices - but has great hopes that the nation's
new relations with the United States will bring great opportunities. -
more
Cuban nickel industry looking to U.S. for new opportunities -
more
New nickel
mine in remote WA gets EPA nod - A planned new nickel mine in an extremely
remote part of Western Australia has been approved by the Environmental
Protection Authority. -
more
How a
Guatemalan murder trial could forever change Canadian overseas mining - The
murder trial at the centre of a legal battle involving Toronto-based HudBay
offers a glimpse of why Ontario courts took the landmark step of hearing
a Guatemalan dispute in Canada. -
more
Mayan families’ quest for justice against Canadian mining company HudBay
-
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, June 16
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.10/lb
. Indicators
at 5:45 am CST today show 3 month nickel trading around $.05/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell on Wednesday and now total
just over the 388,600 tonne level. Nickel was up yesterday on a spike in
the Euro, after the US Fed left interest rates alone, showing no faith in
the US economy to roll on its own. But, as we predicted yesterday, Brexit
fears came right back to the forefront and the Euro, and nickel, have given
back most of yesterday's gains. The Brexit referendum will be held one week
from today, so expect market volatility to continue for another week. If
you want to know where nickel will trade, watch the Euro. As it trades stronger
against the US Dollar, base metals trade higher. When the US Dollar trades
higher, nickel prices will typically slump long term. Industry news was on
the light side today. This is our final update for the week. Have a safe
and relaxing weekend.
Average price of cash nickel so far this month - $3.95/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(Reuters) Russian Economy Minister Alexei Ulyukayev said on Thursday a European
Union steel anti-dumping investigation had been carried out incorrectly and
Russia would seek an adequate response, Interfax news agency reported.
Stocks Slide as Central Banks Fail to Reassure; Yen, Gold Climb -
more
Global Projects:
Copper And Nickel To Be Bright Spots - The global mining project pipeline
will remain under pressure in 2016 and 2017 as low mineral prices force miners
to cut costs and lower capital expenditure for projects. -
more
$14 million
secured for PolyMet to fund project - PolyMet showed a loss of $2.352 million
for the three months ending April 30, which compares favorably with $3.558
million for the same period in 2015.prior year period. -
more
Ambatovy
JV defers principal payment, Sherritt continues not to fund cash calls -
Canadian diversified miner Sherritt International has announced that the
group of lenders to its 40%-owned Ambatovy nickel and cobalt mine, in Madagascar,
have entered into temporary agreement to defer a principal repayment due
on Wednesday, to August 5. -
more
German
unions call for steel trade war against China - The trade war in the global
steel industry is intensifying. Australia, the US and the European Union
(EU) have adopted punitive tariffs on steel from China. For its part, the
Chinese government has openly warned the EU of a trade war. -
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, June 15
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.03/lb. Indicators
at 6:00 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 under the 389,150 tonne level. Nickel is getting a boost from a stronger
Euro this morning, as Fed concerns temporarily put Brexit concerns in the
back seat. FX traders are betting the Fed under Yellen will leave interest
rates alone again, which implies the US economy is still struggling and needs
an IV of nearly free money to keep its economy above water. Wall Street will
welcome the news, but when Brexit concerns return to the front seat, the
market will get nervous again. The Fed has become the dealer to an economy
hooked on its 'drug', and now it fears the withdrawal symptoms could be too
much for the addicted economy. So the stimulus will continue, and the economy
will continue to crawl ahead, and all will pretend all is well.
Average price of cash nickel so far this month - $3.93/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
European Stocks Rebound With Pound Before Fed as Yen Retreats -
more
Colombia's
Cerro Matoso nickel mine workers cancel strike after pay deal - Union workers
at Colombia's Cerro Matoso nickel mine ditched plans to strike on Tuesday
in a protest against pay, the company and union said, averting potential
disruption to output from one of the world's largest producers of ferronickel.
-
more
Zimasco
burns in ‘financial, political storm’ - Ferrochrome producer Zimasco
(Private) Limited has won a judicial management order to preserve its assets
amid revelations that the company was sitting on a ticking time-bomb related
to its “toxic” environmental management policy. -
more
Gold Beach
council supports mining ban - The Gold Beach City Council pledged its support
to protect several local waterways from nickel mining, it was announced at
the Monday meeting. -
more
Copper mine
developer fires back at US Forest Service - A company that wants to build
an underground copper-nickel mine near the Boundary Waters Canoe Area Wilderness
in northeastern Minnesota criticized the U.S. Forest Service on Tuesday for
saying it may deny renewal of the mineral leases needed for the $2.8 billion
project near Ely. -
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, June 14
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.03/lb. Indicators
at 6:00 am CST today show 3 month nickel trading around $.01/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell on Monday and now total
just over the 390,650 tonne level. Markets are suffering from Brexit fears
and tomorrows Fed announcement. No one really expects the Fed to raise interest
rates, and the odds are against a Brexit, but the possibilities exist, and
thus the market is full of that thing it dreads more than anything - uncertainty.
Nickel is holding up well considering.
Average price of cash nickel so far this month - $3.93/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
German 10-Year Yields Below Zero as Pound Slides on Brexit Risk -
more
Cuba sees
nickel output steady at 56,000 tonnes; low prices bite - Cuba is trying to
reduce costs in the nickel industry to offset losses from low global prices,
rather than raising output from 56,000 tonnes annually, industry executives
said on a rare tour of one of the communist-led island's plants. -
more
Major
mining assets change hands after commodity rout - Large mining companies
are selling off some of their prized assets after the prolonged global
commodities markets rout left some with high levels of debt. -
more
Clive
Palmer files $1b claim against former Queensland Nickel administrator - Clive
Palmer has filed a claim in the Supreme Court seeking more than $1 billion
in damages from FTI Consulting, the former administrator of his Queensland
Nickel business. -
more
Quality control
mandatory for all producers: Indian Stainless Steel Development Association
- Indian Stainless Steel Development Association (ISSDA), an apex body
representing the stainless steel industry has said the recent government
decision to introduce a Stainless Steel Quality Control Order (QCO), 2016
is mandatory for the stainless steel manufacturer --be it a domestic or foreign
producer --rather than the end user. -
more
Russia's
Norilsk aims for debt ratio of up to 2 by end-2016 - Russian miner Norilsk
Nickel aims to keep its net debt to core earnings ratio at up to 2.0 by the
end of 2016, compared to 1.0 a year earlier, the company's chief financial
officer said. -
more
U.S. Forest
Service takes another look at mining leases near Boundary Waters, cites 'inherent
risks' - Saying it is "deeply concerned" by potential mining near the Boundary
Waters, the U.S. Forest Service announced Monday it may withhold consent
to renew two mining leases within the same watershed as the wilderness area.
-
more
Courtesy AISI
- In the week ending June 11, 2016, domestic raw steel production was 1,779,000
net tons while the capability utilization rate was 76.1 percent. Production
was 1,744,000 net tons in the week ending June 11, 2015 while the capability
utilization then was 73.7 percent. The current week production represents
a 2.0 percent increase from the same period in the previous year. Production
for the week ending June 11, 2016 is up 1.1 percent from the previous week
ending June 4, 2016 when production was 1,760,000 net tons and the rate of
capability utilization was 75.3 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, June 13
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.05/lb. Indicators
at 6:00 am CST today show 3 month nickel trading around $.03/lb
lower. Stockpiles
of nickel stored in LME licensed warehouses fell on Thursday and Friday and
start the week just under the 393,750 tonne level. Traders are fighting to
keep nickel above the $4/lb level, and the strength of the Euro is
helping, but the Dollar is slowly recovering from its big drop earlier this
month on concerns of a possible Brexit. The S&P China Steel Index is
disappointing, to say the least. And there is news that South32 may not strike
and QNI may reopen.
Average price of cash nickel so far this month - $3.92/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(BR) A global refined nickel market deficit widened to 10,100 tonnes in April
from a month earlier, the International Nickel Study Group (INSG) said....
Brexit Risk Jolts Markets as Stocks Slide With Pound; Yen Climbs -
more
S&P Global
Platts China Steel Sentiment Index Collapsed in June - Sentiment in China's
steel market collapsed to a 16-month low, with most market participants expecting
new steel orders and prices to weaken further over the next month, according
to the latest S&P Global Platts China Steel Sentiment Index (CSSI) for
June, which showed a headline reading of just 15.92 out of a possible 100
points. -
more
Ni SUS Scrap
Purchase Price in June in Kanto JPY105,000 - 110,000 = Several companies
cut prices by JPY5,000 due to weakening LME nickel price = In early June,
several stainless steel mills in the Kanto area offer the purchase price
(delivered at plant) of nickel-containing stainless steel scrap (SABOT) at
around JPY105,000 per ton, down by JPY5,000 from the prior month. -
more
South32
Nickel Union Says Offer May Help Avert Colombia Strike - The main union at
South32 Ltd.’s Cerro Matoso mine in Colombia, the world’s
second-biggest source of ferro-nickel production, said there’s a greater
chance of reaching a three-year wage agreement and avoiding a strike after
management sweetened its offer. -
more
Workers
sought for Palmer nickel refinery - Clive Palmer is pressing on with plans
to reopen his troubled Townsville nickel refinery and says he's on the look-out
for workers. -
more
Courtesy AISI
- In the week ending June 4, 2016, domestic raw steel production was 1,760,000
net tons while the capability utilization rate was 75.3 percent. Production
was 1,744,000 net tons in the week ending June 4, 2015 while the capability
utilization then was 73.7 percent. The current week production represents
a 0.9 percent increase from the same period in the previous year. Production
for the week ending June 4, 2016 is down 0.8 percent from the previous week
ending May 28, 2016 when production was 1,775,000 net tons and the rate of
capability utilization was 75.9 percent.
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Thursday, June 9
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.06/lb. Indicators at
6:00 am CST today show 3 month nickel trading around $.05/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Wednesday and now total
just under the 394,750 tonne level. The Euro continues to trade higher against
the Dollar and this is giving bullish metals traders the ammo they need to
drive prices higher. Nickel closed above $4/lb for the first time since early
May and is nearing its 200 day moving average. While the overall news trend
remains of one where supply far outweighs demand, this week offered trader
some news that appeared bullish. The Euro spiked last week after a dismal
US jobs report was released and this makes US Dollar traded metals less
expensive. China import data showed that China metals imports remains strong,
even in a period typically witnessing a seasonal slowdown. And the new President
elect of the Philippines has been talking tough against miners in that country.
Nothing in the news to make one believe demand is any higher, but there it
is. Our next update will be Monday so we wish our readers a safe and relaxing
weekend.
Average price of cash nickel so far this month - $3.87/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Global Stocks End Five-Day Winning Run; Commodities Erase Gains -
more
Nickel Climbs Most in Three Months on ECB Stimulus, China Data -
more
Material
Matters: Coking Coal, Copper, Nickel And Iron Ore - Prices are diverging
among the different coking coals. Morgan Stanley explains the importance
of hard coking coal in terms of its preferred application in steel production
and the substitution via blending that underpins the usual positive correlation
with other coking coals across seaborne pricing. -
more
Eastern
Samar residents protest nickel hauling in Manicani Island - Concerned citizens
in Eastern Samar are demanding an end to all forms of mining-related activities
in Manicani Island in Guiuan, including the continued hauling of the nickel
ore stockpile of a company that ceased mining operations in 2011. -
more
Horizonte
attains key licence for Brazilian nickel project - Horizonte Minerals has
secured a key permit for the Aragauia nickel project in Brazil -
more
Refinery
worker turns Herbert candidate - A former Queensland Nickel worker has emerged
as a last-minute election hopeful in Herbert, nominating with the Glenn Lazarus
Team. -
more
More than $60 million paid out to QNI 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
Wednesday, June 8
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$3.88/lb
. Indicators
at 5:50 am CST today show 3 month nickel trading around $.05/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Tuesday and now total
just over the 395,500 tonne level. Traders were mostly encouraged by May
import numbers for metals, released by China before they began an extended
weekend for their annual Dragon Boat Festival. The Euro has done little since
its bounce on Friday, but it is also holding on to that days gains. Market
should be tame the rest of the week, with Chinese markets closed.
Average price of cash nickel so far this month - $3.85/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Bonds, Commodities, Emerging Markets All Buoyed by Central Banks -
more
BIR
Convention: Too much and too little - For stainless steel recyclers, too
little scrap hurts the bottom line as does too much stainless output in China.
-
more
USITC
excludes Viraj Stainless steel from the U.S. - The ITC’s ruling in this
stainless steel case comes shortly after U.S. Steel filed a Section 337 complaint
related to carbon and alloy steel imported from China -
more
Governor
defends Surigao Norte miners; Group slams Chinese operators - Governor Sol
Matugas has defended large-scale miners operating in Surigao del Norte, saying
she is confident industry players in her province have observed responsible
mining practices in their operations. -
more
Group says Duterte to make history with stand on mining -
more
New
Caledonia nickel plant loan term rejected - The New Caledonian provinces'
industrial umbrella group, STCPI, is reluctant to take up a loan to restructure
the territory's SLN nickel plant. -
more
Clive
Palmer denies being summoned to court over Queensland Nickel - Embattled
businessman Clive Palmer has flatly denied he has been served an order to
appear in the federal court next week to answer questions about the collapse
of the Queensland Nickel refinery. -
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, June 7
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$3.93/lb
. Indicators
at 5:50 am CST today show 3 month nickel trading around $.01/lb
lower and right at
its 100 day moving average. Stockpiles of nickel stored in LME approved
warehouses rose on Monday and now total just under the 396,500 tonne level.
While the media is crediting the future strike in Colombia as the reason
the price of nickel is bumping higher, we say look to the Dollar. The Euro
has bounced off lows since Friday's US jobs report, but is showing some strain
today. The same could be said about nickel. A strike could add some positive
sentiment but wth nearly 400,000 tonnes of nickel being held in LME warehouses
and Lord only knows how much is being stockpiled elsewhere, it would take
a whole lot of strikes, earthquakes and hurricanes to have any long term
effect on nickel pricing.
Average price of cash nickel so far this month - $3.84/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Upgrades And Downgrades For Universal Stainless & Alloy Products, Inc.
-
more
Stocks Rally With Emerging Markets on Yellen; Pound Advances -
more
Tropical Pacific Ocean continues its cooling trend -
more
Nickel
rises as South32 workers prepare for strike - Nickel had its the biggest
advance in three weeks amid concern about potential disruptions to supply
in Colombia and the Philippines.-
more
LME Ni
Average Price in May Down by 2% from Prior Month = Futures price of non-ferrous
metals shows declining trend due to low crude oil price and high dollar =
LME monthly average nickel price in May 2016 was Cash seller: US$8,689.25
per ton (US$3.941 per lb) and 3-month seller: US$8,737.50 per ton (US$3.963
per lb). -
more
Mindanao
miners reel - Officials of some of the biggest miners in the country yesterday
professed agreement with the next administration’s avowed policy of
holding those exploiting the country’s mineral resources more accountable
for environmental damage they may cause, but stocks of some of those with
Mindanao operations yesterday bared investor jitters. -
more
Dollar
shortages threaten Zimbabwe mining production - Zimbabwe could lose
the equivalent of four months of mining output this year because an acute
dollar shortage has led to delays by banks in processing payments for imports
of spare parts and supplies, the Chamber of Mines said on Monday. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Monday, June 6
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at $3.86/lb
. Indicators at
6:00 am CST today show 3 month nickel trading around $.07/lb
higher. Stockpiles
of nickel have fallen for the last two days and begin the week just over
the 395,750 tonnes. And yes, we have finally fallen below the 400,000 tonne
level. Nickel prices got a boost Friday as the US Dollar tumbled on a dismal
jobs report. This news didn't get to Asian markets until after their markets
were closed, so the lower Dollar helped nickel climb higher in Asian markets
this morning, This momentum has continued back to Western markets today,
and will last until someone starts taking profits, or the market starts finding
confidence in the Dollar again.
Average price of cash nickel so far this month - $3.81/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Pound Falls, Volatility Jumps as Polls Show Momentum for Brexit -
more
Export Volume
of SUS Products in April 2016 Is 82,171 Tons = Down by 8% from prior month,
and exports to all main destinations except South Korea are down = The export
result of stainless steel products in April 2016 which was compiled by the
Japan Iron and Steel Federation based on the foreign trade statistics prepared
by the Ministry of Finance was 82,171 tons, down by 8.0% from 89,351 tons
in the prior month. -
more
South32
to cut 270 jobs, may shut down nickel mine - South32 is cutting hundreds
more jobs and may have to suspend a struggling nickel mine in Colombia as
it grapples with an ongoing downturn in world commodity markets, its chief
executive said. -
more
Market Trend
of Import of Ferroalloy as of 31 May 2016 = Price of silicon metal drops
drastically, and price of Mo continues rising = The market trend of import
of ferroalloy as of 31 May 2016 is as follows. -
more
Duterte
to big miners: “you have to stop;” small miners: “we will
support you” - Large-scale firms engaged in destructive mining in Mindanao
have no place under the Duterte administration as President-elect Rodrigo
Duterte vowed to give priority and assistance to small-scale miners who will
band into a cooperative. -
more
Philippine President-elect Duterte warns miners on environment -
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, June 2
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$3.85/lb. Indicators at
6:00 am CST today show 3 month nickel trading around $.04/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell on Wednesday and now teeter
just 8 tonnes over the 400,000 tonne level. Interesting discussion going
on in the metals media about how the onset of the so called pig nickel production
in Indonesia is more than offsetting the slowing production in China. The
need for this production was mandated when Indonesia banned the export of
raw nickel at the beginning of 2014. Now these new plants are coming online
and producing nickel into an industry that really needs nickel production
to fall, if prices ever stand a chance of rising with any holding power.
There continue to be rumors ever few months that Indonesia might pull back
from these export bans, but with nickel production plants now starting to
produce, the need for lifting such a ban, and the effect these reports have
on the traded price of nickel, loses steam. This is our last report for the
week, so we wish you all a safe and relaxing weekend.
Average price of cash nickel so far this month - $3.78/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Brent Hovers Around $50 as OPEC Meets; European Stocks Advance -
more
Asian stocks struggle on growth concerns, yen hits Japan stocks -
more
Nickel Industry Feature–Idled Capacity: Scaling the Overhang - As we
look ahead to price recoveries, many in the base metals industry believe
the worst of the price slump is now over. -
more
South32
sees more pain ahead for miners - Australia's South32 Ltd expects base metals
and coal prices to give up recent gains, inflicting more pain on debt heavy
rivals who will eventually be forced to shut loss-making operations, its
chief executive said on Thursday. -
more
South32 to cut 270 jobs, may shut down nickel mine -
more
Workers
authorize strike at Colombia’s Cerro Matoso nickel mine - Workers at
Colombia’s Cerro Matoso ferronickel mine, the world’s second largest,
have authorized a strike beginning June 14. -
more
Courtesy AISI
- In the week ending May 28, 2016, domestic raw steel production was 1,775,000
net tons while the capability utilization rate was 75.9 percent. Production
was 1,704,000 net tons in the week ending May 28, 2015 while the capability
utilization then was 72.1 percent. The current week production represents
a 4.2 percent increase from the same period in the previous year. Production
for the week ending May 28, 2016 is up 1.1 percent from the previous week
ending May 21, 2016 when production was 1,756,000 net tons and the rate of
capability utilization was 75.1 percent. -
source
Mining regulation?
Legislature shows a lack of will - In the copper-nickel mining debate, everyone
says they agree on the need to protect our water. -
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, June 1
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$3.83/lb. Indicators at
5:50 am CST today show 3 month nickel trading around $.03//b
lower. Stockpiles
of nickel stored in LME approved warehouses starts June just over the 401,500
level. Nickel is trading around $3.80/lb this morning, which is about $.10/lb
lower than it has averaged so far in 2016. We should see LME stockpiles of
nickel fall below the 400,000 tonne level for the first time since November
26th, 2014 sometime this month. This could give the market a psychological
boost, as the strike at Cerro Matoso might. But keep an eye on the strength
of the Euro. When the Euro trades higher against the US Dollar, base metals
lose some of the negative pressure. With the US Dollar strengthening since
the first part of May, we have seen the price of nickel slide with the Euro.
Average price of cash nickel so far this month -
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Workers
Vote to Strike at South32’s Cerro Matoso Nickel Mine - Workers at South32
Ltd.’s Cerro Matoso, the world’s second-biggest ferro-nickel mine,
voted to take strike action amid a dispute over negotiations on a wage agreement.
-
more
Hope
rises from nickel gloom - Hope within a workforce is essential in turning
around an ailing business, according to Nickel West boss Eddy Haegel. -
more
Distressed
New Caledonia miners get help - Reports from New Caledonia say the first
ever payments have been made from a special fund to those affected by the
sharp fall in the price of nickel. -
more
Expired mineral
leases latest flashpoint over mining near Boundary Waters - Fifty years ago
Wednesday, two federal mineral leases were signed for rights to copper, nickel
and precious metals, just south of what would become the Boundary Waters
Canoe Area. -
more
Crews respond
to fire at Dominion Nickel Alloys recycling plant in Burlington - There were
no reported injuries from a fire at a metal recycling plant in west Burlington
Tuesday, the same facility that endured a serious fire six months earlier.
-
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
5:50 am CST today show 3 month nickel trading $.03/lb
Reports
Commodity/Economic Comments
Clive
Palmer wants to reopen nickel refinery: report - Outgoing MP Clive Palmer
says he plans to have his defunct Queensland Nickel refinery up and running
again by March next year. -
Cuba courting
nickel investors - Cuba is courting investors to modernize its nickel industry,
cut production costs and increase output, government officials tell Argus.
-
Nickel
Asia’s four operating firms eyeing for international certification -
The country’s largest nickel producer, Nickel Asia Corp. (NAC), has
already secured recommendation for its desired international certification
for all its operating companies, a development that supports the firm’s
claim that it complies to policy and objectives of global standards. -
Zimbabwe:
BNC Profit Declines 94 Percent - Bindura Nickel Corporation Limited profit
after tax for the year ended March 31, 2016 slumped 94 percent to $0,65 million
on lower production and subdued global commodity prices . -
Morning Nickel
Price Statistics & Figures
lower. Stockpiles
of nickel stored in LME approved warehouse fell on Tuesday and now total
just under the 380,300 tonne level. Nickel spiked yesterday, closing at a
seven week high. Fitch group research firm BMI has updated their metals forecast
for 2016 and have left nickel at $4.08/lb.
BMI lifts
thermal coal price outlook; says nickel has bottomed - Fitch group
research firm BMI has raised its thermal coal price forecasts on the back
of a more aggressive contraction in global mine output than initially expected,
mainly in China. -
S.
African Charge Chrome Price for Europe in Jul-Sept Up by US Cents 16 - On
June 22, Merafe Resources Limited, South Africa, a joint venture partner
for Glencore -Merafe Chrome Venture announced on its home page that the benchmark
price of South African charge chrome meant for Europe for shipments from
July to September in 2016 was settled at US Cents 98.0 per lb. -
Range lawmakers,
mining officials want Twin Metals hearing moved - US and Iron Range lawmakers
are fighting the US Forest Service's decision on the location of an upcoming
public meeting about the proposed Twin Metals project. -
Nickel mines
targets site processing - Consolidated Nickel Mines Limited, a wholly owned
company of Mabiza Resources Limited, is looking for a possibility of processing
nickel into metal at Munali Nickel Mine in Mazabuka in Southern Province.
- 
Ambatovy
Shutdown - Sherritt International Corporation today announced the commencement
of a 14 day shutdown at the Ambatovy Joint Venture, bringing forward activity
originally intended to be performed in August. -
China to
cut steel capacity by 45 million tonnes this year: state planner - Capacity
cuts would involve relocating 700,000 jobs in coal and 180,000 steel workers
-
Prices of
CR Austenitic Stainless Sheets in East Asia Stabilize at $1,850 CFR Level
- Prices of cold-rolled (CR) austenitic stainless steel sheets in the East
Asian region being high at the level of $1,900 CFR were adjusted downward
but have become stable at the level of $1,850 CFR. -
At
Least 185 Environmental Activists Were Murdered Last Year - Environmentalism
has never been more dangerous. According to findings published Monday by
the NGO Global Witness, 2015 marked the bloodiest year on record for
environmental activists and land defenders. -
Jindal Stainless
promoter pledges 11.49% stake - Jindal Stainless said its promoter, JSL Overseas,
has pledged 11.49 percent stake in the firm with SBICAP Trusteeship Company.
-
Sudbury
activists not getting credit: Mine Miller - In a morning filled with more
than a dozen heartfelt speeches, Tom Rannelli's address at the 32nd Workers'
Memorial Day stood out. -
WBMS: Nickel, Tin markets end in minor deficit; Zinc records tiny surplus
- The latest Metals Balances Report for the first four months of the current
year released by the World Bureau of Metal Statistics (WBMS) indicates that
Nickel market has ended in a small deficit during Jan-Apr ’16. -
How a
Guatemalan murder trial could forever change Canadian overseas mining - The
murder trial at the centre of a legal battle involving Toronto-based HudBay
offers a glimpse of why Ontario courts took the landmark step of hearing
a Guatemalan dispute in Canada. -
. Indicators
at 5:45 am CST today show 3 month nickel trading around $.05/lb
German
unions call for steel trade war against China - The trade war in the global
steel industry is intensifying. Australia, the US and the European Union
(EU) have adopted punitive tariffs on steel from China. For its part, the
Chinese government has openly warned the EU of a trade war. -
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.03/lb
Colombia's
Cerro Matoso nickel mine workers cancel strike after pay deal - Union workers
at Colombia's Cerro Matoso nickel mine ditched plans to strike on Tuesday
in a protest against pay, the company and union said, averting potential
disruption to output from one of the world's largest producers of ferronickel.
-
Russia's
Norilsk aims for debt ratio of up to 2 by end-2016 - Russian miner Norilsk
Nickel aims to keep its net debt to core earnings ratio at up to 2.0 by the
end of 2016, compared to 1.0 a year earlier, the company's chief financial
officer said. -
Ni SUS Scrap
Purchase Price in June in Kanto JPY105,000 - 110,000 = Several companies
cut prices by JPY5,000 due to weakening LME nickel price = In early June,
several stainless steel mills in the Kanto area offer the purchase price
(delivered at plant) of nickel-containing stainless steel scrap (SABOT) at
around JPY105,000 per ton, down by JPY5,000 from the prior month. -
Horizonte
attains key licence for Brazilian nickel project - Horizonte Minerals has
secured a key permit for the Aragauia nickel project in Brazil -
New
Caledonia nickel plant loan term rejected - The New Caledonian provinces'
industrial umbrella group, STCPI, is reluctant to take up a loan to restructure
the territory's SLN nickel plant. -
