This page is archived news covering the period of June 2016
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LME nickel prices and news

Stainless Steel News and Nickel Prices

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Daily Nickel Market News & Stainless Steel Prices

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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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London zinc poised for 15 percent quarterly rise - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - 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
  • Qld govt doubts Palmer refinery reopening - 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)
  • 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, 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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper hits highest since early May as risk-appetite returns - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - 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

  • Responsible mining - 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)
  • 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, 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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper floats near eight-week high, Brexit nerves persist - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - 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)
  • 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, 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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper climbs as dollar eases; Brexit ripples spur caution - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - 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

  • A nation in waiting - more
  • Zambales anti-mining activists win big - 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)
  • 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, 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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper buoyed near 2-wk top ahead of UK vote - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • La Niña watch: Here comes the rain - more
  • 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)
  • 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, 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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper rises to two-week high on hopes Britain to stay in EU - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - 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)
  • 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, 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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper slips on worries about global oversupply - more

  Reports

  • Damstahl Stainless Steel Report - June 2016 - pdf here
  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - 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)
  • 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, 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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper steadies above 4-month low on softer dollar - more

  Reports

  • Off-grid systems offer new lifr for Ni-Fe batteries - more
  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - 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)
  • 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, 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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper slides alongside equities on Brexit uncertainty - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - 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)
  • 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, 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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper gains on softer dollar ahead of Fed, Brexit vote - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - 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)
  • 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, 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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper slides as Brexit and higher dollar fuel uncertainty - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - 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)
  • 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, 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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper boosted by soft dollar though China worries weigh - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - 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

  • Palmer talks up plans to reopen QNI - 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)
  • 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, 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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper up as dollar stays weak, China holiday thins trade - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - 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)
  • 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, 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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper revives from 2-wk lows on solid China imports - more

  Reports

  • The Life of Ni - more
  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - 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)
  • 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, 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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Fund selling hits copper, cushioned by soft dollar - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - 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)
  • 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, 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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper hits four-week high as dollar stumbles - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - 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)
  • 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, 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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper drifts, zinc surges as supply shrinks - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - 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)
  • 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, 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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper hits one-week lows as China's factories stutter - more

  Reports

  • The role of nickel and manganese in duplexes - more
  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - 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)
  • 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

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