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Wednesday, November 30
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.99/lb. Indicators
at 5:40 am CST today show 3 month nickel trading around $.01/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Tuesday and end the month
just over the 366,800 tonne level. This is a gain of 3,276 tonnes over
the past month, and the second consecutive months of increases - after nine
months of solid declines. Nickel is having a problem finding some gas this
morning, while the other base metals are trading higher and recovering from
yesterday's sell off. The Euro continues its week long recovery, which is
adding support to base metals.
Average price of cash nickel so far this month - $5.06/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Oil Rallies on OPEC Optimism, Spurring Gains in Energy Producers -
more
As the money men return to metals, is it a sign the cycle has turned? - The
money men are returning to the base metals markets. -
more
Mining
industry crackdown continues in Philippines - A plan to pursue the
multimillion-dollar suit against a global mining firm Barrick Gold Corp is
headed for the Canadian courts, after a US court ruled that it was the wrong
jurisdiction to hear the claim. -
more
Sherritt cuts
production forecast for Moa nickel JV after bridge collapse - Sherritt
International Corp cut its full-year production forecast for its joint nickel
venture in Cuba following the collapse of a municipal bridge there last week
that killed four workers. -
more
Zimbabwe:
Bindura Nickel Bounces Back to Profitability - Bindura Nickel Corporation
Limited's production during the half-year to September 30, 2016 improved
23 percent to 3 420 tonnes and resultantly the company bounced back to
profitability albeit depressed nickel prices. -
more
Nickel
One Resources Inc excited about new Finnish purchase - Nickel One Resources
Inc is a Canada-based exploration company with two nickel discoveries: the
Tyko nickel/copper/platinum group elements (PGE) property in in North-western
Ontario and the other is in Finland. -
more
Vale sees
nickel opportunity in electric vehicle growth - Adoption of electric cars
in developed countries could result in a strong future for Brazilian mining
group Vale's large nickel mining and smelting operations in Canada and New
Caledonia in the South Pacific, CEO Murilo Ferreira said on Tuesday. -
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, November 29
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$5.28/lb. Indicators at
5:40 am CST today show 3 month nickel trading around $.07/lb
lower. Stockpiles
of nickel stored in LME approved warehouses rose slightly and started today
at 367,050 tonnes. Lead and zinc are trading higher this morning, while the
other base metals are lower. Commerzbank is reporting the metals sector is
overbought and this is encouraging some profit taking in anticipation of
a possible correction. Lot of economic reports being released the rest of
this week, including preliminary US GDP numbers today, and PMI numbers from
around the world Thursday.
Average price of cash nickel so far this month - $5.05/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Oil Retreats Below $47 Before OPEC Meeting as Rand Falls on Zuma -
more
Indonesian
Miner Antam's Nickel Smelter Plans Hinge on Easing of Ore Export Ban: CEO
- Indonesian state-controlled miner Aneka Tambang (Antam) may not have the
cash flow for downstream investments worth at least $500 million if a ban
on nickel ore exports is not eased, its chief executive told Reuters on Monday
(28/11). -
more
Some Japanese
Mill Offers CR Austenitic Stainless Sheets at $2,500 CFR - Some Japanese
mill has entered negotiations on cold-rolled (CR) stainless steel sheets
for Asia for shipments of February/March next year. Its offer price of austenitic
stainless sheets to SUS304 is $2,500 CFR, which exceed $2,400 on FOB basis.
-
more
U.N. Security Council to vote Wednesday on North Korea sanctions - diplomats
- The United Nations Security Council is set to vote on Wednesday to impose
new sanctions on North Korea for its fifth and largest nuclear test, slashing
Pyongyang's export earnings by some $800 million, diplomats said on Monday.
-
more
Finnish
parliament watchdog to review PM Sipila's actions in nickel mine funding
- Finnish Prime Minister Juha Sipila's conduct is to be reviewed by the
parliamentary ombudsman for a possible conflict of interest in government
funding for a state-owned nickel mine, the watchdog said on Monday. -
more
Vale slashes
nickel refinery emissions - Vale has announced the completion of a $75 million
Nickel Refinery Emissions Reduction Project in Sudbury. -
more
Terminal
pay season opens at mothballed Botswana nickel miner - The payment of terminal
benefits to all former employees of liquidated Botswana nickel miner BCL
Limited will start on November 30 amid expectations that it would be concluded
by December 16, the provisional liquidator has announced. -
more
Courtesy AISI
- In the week ending on November 26, 2016, domestic raw steel production
was 1,598,000 net tons while the capability utilization rate was 67.4 percent.
Production was 1,500,000 net tons in the week ending November 26, 2015 while
the capability utilization then was 62.7 percent. The current week production
represents a 6.5 percent increase from the same period in the previous year.
Production for the week ending November 26, 2016 is down 0.5 percent from
the previous week ending November 19, 2016 when production was 1,606,000
net tons and the rate of capability utilization was 67.7 percent. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
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, November 28
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$5.25/lb. Indicators
at 5:50 am CST today show 3 month nickel trading around $.06/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Friday and now total
just over the 367,000 tonne level. A weaker US Dollar continues to support
surging metal prices, as fund money pours into metal. After falling in September,
the S&P Global Platts China Steel Sentiment Index rose to 59.37 from
48.92 Bloomberg reports. Nickel's short term, mid term and long term trends
all point north.
Average price of cash nickel so far this month - $5.04/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Early Indicators Show China Economy Remains Stable This Month -
more
Trump Trades Falter as Dollar Slips; Treasuries Gain With Gold -
more
Four workers
die at Sherritt nickel and cobalt joint venture in Cuba - Four employees
at the Sherritt Moa joint venture in Cuba died Tuesday when a municipal bridge
they were working on collapsed. -
more
As the
money men return to metals, is it a sign the cycle has turned? Andy Home
- The money men are returning to the base metals markets. The speculative
surges on China's mainland commodity exchanges may be grabbing the headlines
as the authorities tweak trading and margin rates to try and cool the animal
spirits of the retail investment crowd. -
more
As the commodity mega-boom winds down, the mini-boom gathers steam: Russell
- As the once-in-a-lifetime commodity boom winds down, a key concern has
been what is going to replace the mega-projects built to feed China's appetite
for natural resources. -
more
China’s Ball of Money Is Rolling Back to Commodities - In China, money
flow is tightly controlled and capital markets are relatively underdeveloped,
meaning the economy works like squeezing a balloon. -
more
Price
gains for nickel and for stainless scrap - Global: Although stainless steel
scrap prices have firmed since Recycling International’s late-October
report, uncertainty is continuing to overhang the market with regard to the
approaching year-end. -
more
Some Chinese
Mill Offers HR Austenitic Stainless Steel Coils at $2,000 CFR - According
to information obtained by a source, some Chinese leading stainless steel
mill seems to have offered its prices at $2,000 CFR for Korea for January
shipment in negotiations on spot basis on hot-rolled (HR) austenitic stainless
steel coils. The mill has still reduced quantity, which is likely to be small.
-
more
Western
Areas up on offtake deal with China - Western Areas shares jumped after the
company announced it had struck a novel off-take agreement with a major Chinese
steel maker for about half of its annual nickel production. -
more
Western Areas ‘won’t be prisoner to the nickel price’ -
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, November 23
Thursday
is Thanksgiving Day, a US holiday, so our next update will be Monday, November
28th
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$5.16/lb
. Indicators
at 5:30 am CST today show 3 month nickel trading flat
. Stockpiles of nickel
stored in LME approved warehouses rose on Tuesday and now total under the
368,000 tonne level. Markets are quiet, with US markets winding down as families
travel for Thanksgiving festivities on Thursday. London markets will remain
open and trade and we will update you on Monday on what they do over the
next few days. Thank you for joining us and enjoy the rest of your week and
weekend.
Average price of cash nickel so far this month - $5.01/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
S&P 500 Futures Signal Rally Stabilizing as Commodities Decline -
more
UPDATE
1-Indonesia to cut royalty for processed nickel to 2 pct -official - Indonesia
will cut the royalty charged on sales of processed and refined nickel to
2 percent, a mining ministry official said on Tuesday, part of a revision
of government rules on non-tax revenue from the coal and minerals sector.
-
more
Paroo
Station closer to restart - The Paroo Station nickel mine is one step closer
to restart after Canadian owner LeadFX received a seven-year extension for
access to the port of Fremantle to export lead concentrate. -
more
Vale slashes
nickel refinery emissions - Vale has announced the completion of a $75 million
Nickel Refinery Emissions Reduction Project in Sudbury. -
more
Courtesy AISI
- In the week ending November 19, 2016, domestic raw steel production was
1,606,000 net tons while the capability utilization rate was 67.7 percent.
Production was 1,500,000 net tons in the week ending November 19, 2015 while
the capability utilization then was 62.7 percent. The current week production
represents a 7.1 percent increase from the same period in the previous year.
Production for the week ending November 19, 2016 is up 1.6 percent from the
previous week ending November 12, 2016 when production was 1,580,000 net
tons and the rate of capability utilization was 66.6 percent. -
source
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Tuesday, November 22
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$5.17/lb. Indicators at
5:30 am CST today show 3 month nickel trading around $.01/lb
higher. Stockpiles
of nickel stored in LME approved warehouses rose on Monday and now total
just under the 367,500 tonne level. Stockpiles are now at the highest level
they have been since mid September, as miners rush to sell nickel on increased
prices. After falling back under $5/lb on Friday, nickel jumped 5% yesterday
as traders took advantage of a strengthening Euro, as the US Dollar's near
two week climb faltered. The two are fighting a back and forth battle today,
and nickel appears to be waiting for a clearer direction.
Average price of cash nickel so far this month - $5.01/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Negative Indian Ocean Dipole ends, while central tropical Pacific Ocean warms
- more
Stocks Rise Around the World as Crude Oil, Metals Extend Advance -
more
Indonesia
to cut royalty for processed nickel to 2 pct -official - Indonesia will cut
the royalty charged on sales of processed and refined nickel to 2 percent
from 4 percent, a mining ministry official said on Tuesday, referring to
a revision of government rules on non-tax revenue from the coal and minerals
sector. -
more
Nickel
Producer Vale Shortlists Investors for Sulawesi Smelters - Vale Indonesia,
one of the country's largest nickel producers, is offering majority stakes
in its smelter projects in Sulawesi to strategic investors from China, Japan
and Canada, to try to cope with the massive investment needed for the projects.
-
more
Market Trend
of Import of Ferroalloy as of 15 November 2016 = Chinese EMM price rises
sharply, and price of manganese ore also continues rising = The market trend
of import of ferroalloy as of 15 November 2016 is as follows. -
more
Clive
Palmer says retirement means time for diet and representing himself in court
- Clive Palmer has turned up to Queensland’s Supreme Court to represent
himself in his legal battle over the collapse of Queensland Nickel, declaring
he’d prefer to diet and go to court than play croquet in his retirement.
-
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, November 21
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.92/lb
. Indicators
at 5:40 am CST today show 3 month nickel trading around $.13/lb
higher. Stockpiles
of nickel stored in LME approved warehouses has been rising since our last
update and starts the week just over the 366,450 tonne level. The US Dollar
is lower against the Euro this morning, which has drawn traders attention
again. Nickel had fallen back below the $5/lb level Friday on a stronger
US Dollar and some profit taking, but the bull is back - at least for today.
This is a short week in the US, with markets closed on Thursday for Thanksgiving.
Average price of cash nickel so far this month - $5.00/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(SMM) Based on inventories at the seven major ports, SMM estimates China’s
total nickel ore port inventories at around 13.93 million wmt, or 113,600
mt in Ni content.
Crude Helps Lift Commodities on OPEC Optimism as Dollar Weakens -
more
Sherritt
sees Cuban nickel venture returning to profit in 2017 - Sherritt International
Corp's joint nickel venture in Cuba will return to profit next year if prices
for the metal sustain themselves at the current level, the Canadian mining
company's head said in an interview. -
more
Japanese
Mills to Suspend Next Week Offers of CR Austenitic Stainless Sheets - The
Japanese mills are likely to suspend their offers of cold-rolled (CR) austenitic
stainless steel sheets next week to avoid new negotiations for January shipment.
-
more
Government policy dents nickel supply by Asian producers - The supply of
nickel, a metal used to make stainless steel, is being greatly affected by
government policy in Indonesia and the Philippines, two major producing nations.
-
more
Ni SUS Scrap
Purchase Price in Kanto Maintains Being Flat Also in Nov = There is expectation
of further rise in spite of JPY105,000 - JPY110,000 per ton being maintained
= Stainless steel mills in the Kanto area now offer the purchase price (delivered
at plant) of nickel-containing stainless steel scrap (SABOT) at JPY105,000
- JPY110,000 per ton. -
more
Support for
ban on nickel mining high - An estimated 350 citizens from as far north as
Bandon and east as Medford filled the Brookings-Harbor High School auditorium
Tuesday night, the vast majority to voice their support to extend from five
years to 20 a mineral withdrawal from the headwaters of Hunter and Baldface
creeks and the Smith and Pistol rivers. -
more
Norilsk
Nickel aims to reduce pollution in Siberian city of Norilsk by 75% by 2020.
- A major Canadian-Russian project signed last week is due to be completed
by 2020, The goal of 75% emission reduction will be reached by catching emitted
Sulphur dioxide from the plants in Norilsk. -
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, November 15
Due
to a medical procedure, we will not be posting an update on Wednesday, but
will be back to post on Thursday.
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$5.06/lb. Indicators
at 5:50 am CST today show 3 month nickel trading around $.03/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell on Monday and now total
just over the 365,350 tonne level. The Euro is getting a small bounce this
morning, and while this would typically help commodities, traders are taking
some profits from the recent rally, as analysts warn metals have risen too
far, too fast. The Euro continues to trade at a near annual low, so negative
pressure remains on commodities. We will out tomorrow but back on Thursday.
Average price of cash nickel so far this month - $4.98/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Bond Selloff Abates as Dollar Halts Trump Rally; Iron Ore Slides -
more
Finland
not to close troubling major nickel mine - Finnish Prime Minister Juha Sipila
said on Monday the ailing nickel and zinc mine in Sotkamo, northeastern Finland,
would not be shut down. -
more
Northland mining
industry, conservationists await Trump's policies - The election of Donald
Trump as the United States' next president has left some in the Northland
wondering what comes next for the balance between environmental and mining
interests. -
more
Courtesy AISI
- In the week ending on November 12, 2016, domestic raw steel production
was 1,580,000 net tons while the capability utilization rate was 66.6 percent.
Production was 1,500,000 net tons in the week ending November 12, 2015 while
the capability utilization then was 62.7 percent. The current week production
represents a 5.3 percent increase from the same period in the previous year.
Production for the week ending November 12, 2016 is down 1.4 percent from
the previous week ending November 5, 2016 when production was 1,602,000 net
tons and the rate of capability utilization was 67.5 percent. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
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, November 14
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$5.08/lb Indicators at
5:45 am CST today show 3 month nickel trading flat
. Stockpiles of nickel
stored in LME approved warehouses rose on Friday and now total just over
the 365,500 tonne level. This is the highest stock levels have been since
September 20th. The US Dollar continues to trade higher this morning, adding
negative pressure on commodities. If the metals rally is depending on the
trading value of currency to keep the bull alive, it shouldn't be. Nickel
start rallying when the US Dollar started falling upon news the FBI was renewing
its look into Hillary Clinton's e-mails. The Dollar started rising sharply
upon Trump's election and is now trading higher against the Euro than it
was before the rally. The infrastructure remark made during his post
election acceptance speech appears to all the analysts care to be talk about,
and we will have to wait and see if any dirt starts moving before the
anticipation wanes. In the mean time, nickel continues to trade higher and
is showing signs of holding power.
Average price of cash nickel so far this month - $4.97/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
U.S. 30-Year Yield Tops 3% on Trump; Dollar, Copper Extend Gains -
more
Dollar soars as U.S. yields spike; global shares divided -
more
Copper
gains on signs China spending more on fixed assets - Shanghai metals futures
were mixed after opening lower across the board on Monday, helped by data
showing strong fixed asset investment in China. -
more
Donald Trump the builder gives commodities a big lift -
more
FNI’s
stainless steel project faces DENR scrutiny - The plan of Global Ferronickel
Holdings, Inc. (FNI), the second largest nickel producer in the Philippines,
to build a stainless steel processing plant in the country with a Chinese
firm is not going to be an easy venture. -
more
China squeezes
commodity traders as price spikes draw scrutiny - China’s once again
trying to restrain its commodity traders following a spike in prices from
coal to rubber, six months after the government stepped in to deflate a
speculative bubble. -
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, November 10
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$5.25/lb. Indicators at
6:00 am CST today show 3 month nickel trading around $.07/lb
higher. Stockpiles
of nickel stored in LME approved warehouses rose on Wednesday and now total
just over the 364,400 tonne level. Nickel continues its bullish run, with
analysts crediting Trump's mention of an massive infrastructure project in
his acceptance speech, as the momentum behind yesterday's gains. While it
took a momentary break Wednesday morning post election, the strengthening
US Dollar continues to add negative pressure on metals, and could eventually
prove to be the proverbial fly in the ointment. But for now, the bulls control
the nickel market, and until they decide they have speculated beyond reality,
stainless steel users must sit back and watch their prices move north. This
is our final update for the week so we wish our readers a safe and relaxing
weekend and invite yo back next week.
Average price of cash nickel so far this month - $4.87/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Stocks, Metals Surge as Trump Win Revitalizes Outlook -
more
LME
Nickel Price Touches Year High on Hope Trump Will Boost Infrastructure Spending
- LME nickel prices saw major swings on Wednesday, but ended up staging an
impressive performance, climbing almost 6% from trough to peak as investors
hoped that Donald Trump’s presidential victory would usher in a new
era of infrastructure spending. -
more
Trump’s
Revamp of America to Boost Metals to Gas: Goldman - Donald Trump’s promise
to revive American infrastructure means commodities used to build everything
from airports to bridges will benefit under his presidency, according to
Goldman Sachs Group Inc. -
more
Russian
Nickel, Copper Exports Fall Jan-Sep, Aluminum Exports Rise - Russia
Customs data show the country’s nickel and copper exports fell in the
first nine months of the year, while aluminum exports grew, wenhua.com reported.
-
more
Clive
Palmer loses High Court bid to stop Queensland Nickel questioning - The High
Court has thrown out a bid by businessman and former Federal MP Clive Palmer
to stall questioning by the liquidators of his collapsed company Queensland
Nickel. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
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, November 9
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$5.11/lb. Indicators at
5:50 am CST today show 3 month nickel trading around $.09/lb
higher. Stockpiles
of nickel stored in LME approved warehouses gained what it lost yesterday
and its back to Monday's just over the 363,150 tonne level. Markets hate
the unknown. This is why it reacted so sharply to the surprise Brexit vote
and why its reacting negatively today to the shocking Trump election. At
one point US futures were down over 800 points this morning but are down
only 350 at the moment. The US Dollar is getting hammered this morning, which
is helping make commodities more valuable. This is helping boost the traded
price of nickel. The Republicans retained control of the House and Senate,
giving the Republicans control of Washington DC for at least, the next few
years.
Average price of cash nickel so far this month - $4.82/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Market Turmoil Eases as Investors Weigh Trump’s Plan for Economy -
more
Trump win leaves dollar, global stocks, Mexican peso reeling -
more
LME Ni Average Price in October Up by 1% from Prior Month = Inventory level
is up and rises to 363,558 tons at end of month = LME monthly average nickel
price in October 2016 was Cash seller: US$10,266.43 per ton (US$4.657 per
lb) and 3-month seller: US$10,315.71 per ton (US$4.679 per lb). When compared
with the average price in September, the prices for both cash seller and
3-month seller were up by 0.8% and up by 0.7% respectively. (Hereinafter,
the price is per ton) -
more
Base
metals come out of LME week with a bullish roar: Andy Home - Cautiously
optimistic. That was the consensus takeaway of the mood at LME Week, the
annual shindig of the industrial metals markets. -
more
S&P Global Platts China Steel Sentiment Index Slumps in October - New
Order Expectations Fall Ahead of Holiday, But Price Outlook Little Changed
-
more
What we know
about NorthMet, Minnesota's first copper-nickel mine - The first ever
copper-nickel mine in Minnesota could be one step closer to coming to life
following the submission of a mine permit. -
more
French
loan ready for Vale in New Caledonia - The French government has decided
to offer the Vale nickel plant in New Caledonia a $US220 million loan for
ten years to prop up its production.-
more
Russia’s
Norilsk Nickel allows SNC-Lavalin to work at plant - The board of directors
of Russian metals giant Norilsk Nickel has approved a contract with Canadian
engineering company SNC-Lavalin for works under a sulfur dioxide capture
project for Nadezhda Metallurgical Plant, Norilsk Nickel said in a statement
Tuesday. -
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, November 8
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$5.04/lb. Indicators at
5:45 am CST today show 3 month nickel trading around $.01/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Monday and now total
just under the 363,000 tonne level. Election day in the US and yesterday's
bet that Clinton will win the White House is now on hold as the citizens
of the US decide if their bet will pay off, or if the market will experience
another Brexit moment. Nickel closed at its highest since August of 2015
yesterday.
Average price of cash nickel so far this month - $4.77/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Copper
lifts 2%, nickel up 6.4% - Copper has reached its highest price since March
after the FBI cleared US presidential candidate Hillary Clinton of wrongdoing
after further investigation of her email practices, boosting global markets
before Tuesday's election. -
more
Troubled
Finnish nickel mine says could still avoid closure - Finland's biggest nickel
mine, which was bailed out by the government last year, could secure new
investors by the end of December to avoid being closed down and is on track
to become profitable by 2018, its state owner said. -
more
Political
issues involving the nickel ore trade - Peter Modev, Senior Loss Prevention
Executive at UK P&I Club, and the Club’s local correspondent (Pandiman
Philippines) provide an update on the risks in transporting nickel ore from
the Philippines: -
more
Major mining assets change hands after commodity rout - Major miners
are selling assets after a global commodities rout last year left them with
high levels of debt. -
more
Courtesy AISI
- In the week ending on November 5, 2016, domestic raw steel production was
1,602,000 net tons while the capability utilization rate was 67.5 percent.
Production was 1,537,000 net tons in the week ending November 5, 2015 while
the capability utilization then was 64.2 percent. The current week production
represents a 4.2 percent increase from the same period in the previous year.
Production for the week ending November 5, 2016 is up 1.7 percent from the
previous week ending October 29, 2016 when production was 1,575,000 net tons
and the rate of capability utilization was 66.4 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, November 7
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.74/lb. Indicators
at 5:45 am CST today show 3 month nickel trading around $.23/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Friday and now total
just over the 363,150 tonne level. Nickel is way up this morning, getting
a push from geopolitical factors. Riots in Indonesia are making traders nervous
about the supply, or future supply, of ferronickel. And more importantly,
the FBI update that email's found on Anthony's Weiner's email were mostly
duplicates of those already examined and cleared and that nothing had been
found that would change their earlier findings clearing candidate Hillary
Clinton of potential charges, has given markets around the world hopes that
Trump will be defeated. In our opinion, watch Florida. Clinton can lose Florida
and still win the election but Trump can not. In our opinion, if Trump loses
Florida, it's all over. Today's bounce in nickel has taken it above resistance,
and for technical traders, today's spike could mean bigger things.
Average price of cash nickel so far this month - $4.72/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
PolyMet Seeks
Permit To Mine Copper, Nickel In Northeast Minnesota - State officials are
now reviewing a permit application from PolyMet Mining Corporation to mine
copper and nickel in the Iron Range. -
more
BCL
closure a lesson for Botswana - As Botswana reels from the liquidation of
its oldest copper and nickel mine, economists and political commentators
have observed that the lesson that can be learnt is that there is need to
speed up economic diversification efforts. -
more
Noci to
invest up to $365m in Côte d'Ivoire nickel project - Côte d'Ivoire
nickel company Nickel de l'Ouest Côte d'Ivoire (Noci) will invest up
to 220-billion CFA francs ($365-million) in concessions in the country's
west, a government spokesman said. -
more
Mars the next big Nickel provider? NASA's Curiosity captures images of mysterious
metal 'egg rock' on red planet - A new discovery might place Mars into good
use for the people here on Earth. A small metal-like meteorite dubbed as
the "egg rock" has been discovered on the said planet. -
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, November 3
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.68/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.04/lb
higher. Stockpiles
of nickel stored in LME approved warehouses rose on Wednesday and now total
just under teh 364,000 tonne level. LME Week is ending and many analysts
and major traders are heading home today, so market news is nearly non existent.
This is our final update for the week so we wish each of you a safe and relaxing
weekend.
Average price of cash nickel so far this month - $4.72/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Glencore - Did you know that nickel is only one of 4 elements that's magnetic
at or near room temp? The others are iron, cobalt & gadolinium.
Stocks Halt Losing Streak as Brexit Ruling Boosts U.K.’s Pound -
more
What's behind
AK Steel's best quarter in 8 years - The last three months have been really
good to AK Steel. The West Chester Township-based steel producer reported
its highest quarterly profit in eight years, posting net income of $50.9
million in the three months ended Sept. 30. -
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, November 2
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.72/lb. Indicators
at 5:30 am CST today show 3 month nickel trading around $.02/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell on Tuesday and now total
just over the 362,900 tonne level. LME Week continues in London and industry
news is taking a break.
Average price of cash nickel so far this month - $4.74/lb
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Stocks Drop With Mexican Peso as Election Angst Boosts Yen, Gold -
more
MEPS Predicts
Record Global Stainless Steel Production In 2016 & 2017 - MEPS predicts
that world crude stainless steel output will reach an all-time high of 43.3
million tonnes in calendar year 2016. -
more
Outage
at New Caledonia nickel producer SLN hits production - New Caledonia nickel
producer Societe Le Nickel, a subsidiary of French conglomerate Eramet ,
on Wednesday said a series of explosions at a smelter had temporarily disrupted
output earlier this week. -
more
Mining
beyond the ‘bad rep’ - Among environmentalists, and perhaps among
the general public as well, “mining” is a dirty word. -
more
Chamber
speakers look to a future beyond mining during Northern Business Week - The
Thompson Chamber of Commerce celebrated Northern Business Week Oct. 17-21,
hosting vice-president of Vale Manitoba Operations Mark Scott, Nisichawayasihk
Cree Nation Chief Marcel Moody and Thompson Progressive Conservative MLA
Kelly Bindle at Riverlodge Place Oct. 20 to provide an update on the state
of commerce in Northern Manitoba. -
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, November 1
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.75/lb. Indicators at
5:40 am CST today show 3 month nickel trading around $.01/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Monday and start November
just over the 363,000 tonne level. While LME has spent the last seven trading
days on the bullish side, nickel continues to trade within a sideways channel
it has been in throughout the last quarter. LME Week continues and nickel
is trading quietly today.
Average price of cash nickel so far this month - $4.66/lb October average
Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb /
2013 - $6.80/lb / avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Bond Market Selloff Resumes After Chinese Data, Metals Advance -
more
LMEWEEK-LME
pauses fund charm offensive to calm traditional members - Plans to boost
volumes by making it cheaper and easier for funds to trade London Metal Exchange
contracts have been shelved to avoid fuelling further conflict with traditional
members, sources said. -
more
Japan's
Sumitomo cuts 2016 nickel output estimate at Ambatovy to 40,000-42,000 T
-executive - Japan's Sumitomo Corp cut its estimate for nickel output in
2016 at its Ambatovy mine to 40,000-42,000 tonnes from 42,000-45,000 tonnes,
Chief Financial Officer Koichi Takahara told an earnings press conference
on Tuesday. -
more
Govt exempts
40-odd grades from Stainless Steel QC Order - The government has excluded
40-odd grades of stainless steel used in auto and engineering sectors from
the Stainless Steel Quality Control (QC) Order, 2016. -
more
Russian
metals giant handed fine over spillage - Russian metals giant Norilsk Nickel
has been handed a small fine for a spillage last month that turned an Arctic
river bright red, the company confirmed Monday. -
more
Nickel giant fined by eco-watchdog for 'river of blood' in Arctic -
more
Courtesy AISI
- In the week ending on October 29, 2016, domestic raw steel production was
1,575,000 net tons while the capability utilization rate was 66.4 percent.
Production was 1,629,000 net tons in the week ending October 29, 2015 while
the capability utilization then was 68.1 percent. The current week production
represents a 3.3 percent decrease from the same period in the previous year.
Production for the week ending October 29, 2016 is down 1.4 percent from
the previous week ending October 22, 2016 when production was 1,597,000 net
tons and the rate of capability utilization was 67.3 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
"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 5:40 am CST today show 3 month nickel trading around $.01/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Tuesday and end the month
just over the 366,800 tonne level. This is a gain of 3,276 tonnes over
the past month, and the second consecutive months of increases - after nine
months of solid declines. Nickel is having a problem finding some gas this
morning, while the other base metals are trading higher and recovering from
yesterday's sell off. The Euro continues its week long recovery, which is
adding support to base metals.
Reports
Commodity/Economic Comments
As the money men return to metals, is it a sign the cycle has turned? - The
money men are returning to the base metals markets. -
Mining
industry crackdown continues in Philippines - A plan to pursue the
multimillion-dollar suit against a global mining firm Barrick Gold Corp is
headed for the Canadian courts, after a US court ruled that it was the wrong
jurisdiction to hear the claim. -
Sherritt cuts
production forecast for Moa nickel JV after bridge collapse - Sherritt
International Corp cut its full-year production forecast for its joint nickel
venture in Cuba following the collapse of a municipal bridge there last week
that killed four workers. -
Zimbabwe:
Bindura Nickel Bounces Back to Profitability - Bindura Nickel Corporation
Limited's production during the half-year to September 30, 2016 improved
23 percent to 3 420 tonnes and resultantly the company bounced back to
profitability albeit depressed nickel prices. -
Nickel
One Resources Inc excited about new Finnish purchase - Nickel One Resources
Inc is a Canada-based exploration company with two nickel discoveries: the
Tyko nickel/copper/platinum group elements (PGE) property in in North-western
Ontario and the other is in Finland. -
Vale sees
nickel opportunity in electric vehicle growth - Adoption of electric cars
in developed countries could result in a strong future for Brazilian mining
group Vale's large nickel mining and smelting operations in Canada and New
Caledonia in the South Pacific, CEO Murilo Ferreira said on Tuesday. -
Morning Nickel
Price Statistics & Figures
Indonesian
Miner Antam's Nickel Smelter Plans Hinge on Easing of Ore Export Ban: CEO
- Indonesian state-controlled miner Aneka Tambang (Antam) may not have the
cash flow for downstream investments worth at least $500 million if a ban
on nickel ore exports is not eased, its chief executive told Reuters on Monday
(28/11). -
Some Japanese
Mill Offers CR Austenitic Stainless Sheets at $2,500 CFR - Some Japanese
mill has entered negotiations on cold-rolled (CR) stainless steel sheets
for Asia for shipments of February/March next year. Its offer price of austenitic
stainless sheets to SUS304 is $2,500 CFR, which exceed $2,400 on FOB basis.
-
Vale slashes
nickel refinery emissions - Vale has announced the completion of a $75 million
Nickel Refinery Emissions Reduction Project in Sudbury. -
Terminal
pay season opens at mothballed Botswana nickel miner - The payment of terminal
benefits to all former employees of liquidated Botswana nickel miner BCL
Limited will start on November 30 amid expectations that it would be concluded
by December 16, the provisional liquidator has announced. -
Courtesy AISI
- In the week ending on November 26, 2016, domestic raw steel production
was 1,598,000 net tons while the capability utilization rate was 67.4 percent.
Production was 1,500,000 net tons in the week ending November 26, 2015 while
the capability utilization then was 62.7 percent. The current week production
represents a 6.5 percent increase from the same period in the previous year.
Production for the week ending November 26, 2016 is down 0.5 percent from
the previous week ending November 19, 2016 when production was 1,606,000
net tons and the rate of capability utilization was 67.7 percent. -
As the
money men return to metals, is it a sign the cycle has turned? Andy Home
- The money men are returning to the base metals markets. The speculative
surges on China's mainland commodity exchanges may be grabbing the headlines
as the authorities tweak trading and margin rates to try and cool the animal
spirits of the retail investment crowd. -
Some Chinese
Mill Offers HR Austenitic Stainless Steel Coils at $2,000 CFR - According
to information obtained by a source, some Chinese leading stainless steel
mill seems to have offered its prices at $2,000 CFR for Korea for January
shipment in negotiations on spot basis on hot-rolled (HR) austenitic stainless
steel coils. The mill has still reduced quantity, which is likely to be small.
-
Western
Areas up on offtake deal with China - Western Areas shares jumped after the
company announced it had struck a novel off-take agreement with a major Chinese
steel maker for about half of its annual nickel production. -
Thursday
is Thanksgiving Day, a US holiday, so our next update will be Monday, November
28th
. Stockpiles of nickel
stored in LME approved warehouses rose on Tuesday and now total under the
368,000 tonne level. Markets are quiet, with US markets winding down as families
travel for Thanksgiving festivities on Thursday. London markets will remain
open and trade and we will update you on Monday on what they do over the
next few days. Thank you for joining us and enjoy the rest of your week and
weekend.
Norilsk
Nickel aims to reduce pollution in Siberian city of Norilsk by 75% by 2020.
- A major Canadian-Russian project signed last week is due to be completed
by 2020, The goal of 75% emission reduction will be reached by catching emitted
Sulphur dioxide from the plants in Norilsk. -
Trump’s
Revamp of America to Boost Metals to Gas: Goldman - Donald Trump’s promise
to revive American infrastructure means commodities used to build everything
from airports to bridges will benefit under his presidency, according to
Goldman Sachs Group Inc. -
French
loan ready for Vale in New Caledonia - The French government has decided
to offer the Vale nickel plant in New Caledonia a $US220 million loan for
ten years to prop up its production.-
Glencore
Nickel Day Developments -
Japan's
Sumitomo cuts 2016 nickel output estimate at Ambatovy to 40,000-42,000 T
-executive - Japan's Sumitomo Corp cut its estimate for nickel output in
2016 at its Ambatovy mine to 40,000-42,000 tonnes from 42,000-45,000 tonnes,
Chief Financial Officer Koichi Takahara told an earnings press conference
on Tuesday. -
Govt exempts
40-odd grades from Stainless Steel QC Order - The government has excluded
40-odd grades of stainless steel used in auto and engineering sectors from
the Stainless Steel Quality Control (QC) Order, 2016. -
