This
page is archived news covering the period of October 2015
If you are looking for current daily market news, please visit
here.
Free comprehensive information on worldwide nickel market pricing, stainless steel
prices and metals analysis and forecasts
Cell phone and tablet users - smaller version of
this page -
(here)
Thursday, October 29
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.79/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.03/lb
lower, but in recovery
mood from earlier losses. Stockpiles of nickel stored in LME approved warehouses
fell on Wednesday and now totals just over teh 427,500 tonne level. Nickel
prices continue to trade sideways, and rangebound. Our next update will be
Monday, November 2nd. Have a safe and relaxing Halloween weekend.
Average price of cash nickel so far this month - $4.69/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
Even Chinese
Mills Reach Limit of Price Cut of HR Coils for Asia - In the Asian region,
negotiations on hot-rolled (HR) steel coils have been commenced for December
shipment, and among Chinese mills, some having dropped out from a price war
are said to begin to appear. -
more
NPA
destroys 28 vehicles, heavy equipment in Isabela attack - Alleged New
People’s Army (NPA) remnants reportedly attacked and destroyed 28 vehicles
and heavy equipment units owned by Nickel Asia and Fortune Allied Mining
in Dinapigue town, Isabela on October 28, 2015. -
more
Vale
denies wrongdoing after Environment Canada water pollution claims - New court
documents obtained by CBC News allege Vale knew it was polluting Sudbury-area
waters for 15 years and didn't address it until Environment Canada got involved.
-
more
Trouble in New Caledonia over links with China - In August the economy
of the nickel-rich French territory of New Caledonia ground to a halt as
truck drivers set up barricades preventing movement at strategic points around
the main island. -
more
Freeport's
Mo Production during July to September 23 Million LBS = Down by 4% from
year-earlier period, and sales volume is 23 million lbs, up by 5% ditto =
On October 22, Freeport-McMoRan Copper & Gold Inc. (FCX), a gold mining
company in the U.S. announced its production and sales volumes in the period
from July to September in 2015. -
more
Counterpoint: PolyMet's Minnesota copper-nickel project is risky business
- As finance professionals who have spent considerable time studying the
PolyMet project, we come to the exact opposite conclusion from Lee Schafer
(“Low prices won’t dissuade PolyMet,” Oct. 15). -
more
Ramu
Nico is Strategic partner : Aloi - RAMU Nickel and Cobalt developer, Ramu
NiCo Management (MCC) Ltd is a strategic development partner in Madang Province
and it presents an opportunity for the Madang Provincial Government to partner
with for common infrastructure and economic development. -
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, October 28
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.80/lb . Indicators
at 6:15 am CST today show 3 month nickel trading around $.03/lb
lower, and off earlier
lows. Stockpiles of nickel stored in LME approved warehouses fell just slightly
on Tuesday and now total just over the 428,200 tonne level. US Fed will end
their two day meeting later today and make their statement. No one expects
them to raise interest rates, but the statement give the market an idea when
rates might be raised.
Average price of cash nickel so far this month - $4.69/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
The Board of the BSSA Appoints New Chairman and Vice-Chairman -
more
Strong El Niño and positive Indian Ocean Dipole persist -
more
Global base
metal prices seen weak through 2016: Moody's - Slowing growth in China and
Brazil, muted conditions in Europe and weak recovery in the US economy will
continue to put pressure on global prices of base metals, ratings agency
Moody's Investors Service said on Monday -
more
New
Caledonia nickel policy decried - New Caledonia's anti-independence Republicans
have condemned the government's decision to allow only one company to export
low-grade nickel ore to China. -
more
Ramu
mine locals not happy with land payments - People living along the Ramu
NiCo’s inland and coastal pipeline areas in Madang received payments
for their land last week. -
more
News from AIIS:
September 2015 Steel Imports Press Release - Steel imports into the United
States dropped sharply for the second straight month in September, a potential
bad sign for the economy going into the third quarter, according to preliminary
data from the U.S. Census Bureau. -
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, October 27
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.78/lb
. Indicators
at 6:05 am CST today show 3 month nickel trading flat and off earlier highs.
Stockpiles of nickel stored in LME approved warehouses fell slightly on Monday
and now total just under the 428,250 tonne level.
Average price of cash nickel so far this month - $4.69/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
New
Caledonia to export nickel ore to China - The New Caledonian government has
approved a single company's bid to start exporting low-grade nickel ore to
China.
- more
Chinese metal
smelter Jinchuan gets approval for Trafigura JV - A unit of Chinese metal
producer Jinchuan Group has got approval to set up a joint venture with
Trafigura, and it plans to build a harbour in the southwestern region of
Guangxi to cut the costs of importing raw materials, a company official said.
-
more
Ramu NiCo
presents half a million to Ramu Dev. Foundation - The developer of the Ramu
nickel and cobalt project in Madang province, Ramu NiCo Management (MCC)
Ltd, has presented a cheque K500, 000 to Ramu Development Foundation over
the weekend in Madang. -
more
Botswana:
Tati Mine Dedicated to Corporate Social Responsibility - The managing director
of Tati Nickel Mining Company (TNMC), Mr Ditiro Lentswe has said his mine
will continue to assist the underprivileged members of the community in the
villages around it. -
more
Courtesy AISI
- In the week ending October 24, 2015, domestic raw steel production was
1,667,000 net tons while the capability utilization rate was 69.7 percent.
Production was 1,840,000 net tons in the week ending October 24, 2014 while
the capability utilization then was 76.5 percent. The current week production
represents a 9.4 percent decrease from the same period in the previous year.
Production for the week ending October 24, 2015 is down 0.5 percent from
the previous week ending October 17, 2015 when production was 1,675,000 net
tons and the rate of capability utilization was 70.1 percent.
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Monday, October 26
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.78/lb. Indicators at
6:15 am CST today show 3 month nickel trading flat, but recovering from earlier
session losses. Stockpiles of nickel stored in LME approved warehouses fell
on Friday and now total just over the 428,350 tonne level. SMM reports nickel
ore stockpiles at six major Chinese ports fell by 230,000 tonnes last week
and now totals 9.88 million tonnes. Nickel was helped Friday by a cut in
Chinese interest rates and speculation Europe as possibly adding more economic
stimulation measures.
Average price of cash nickel so far this month - $4.69/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
European shares slip as easing expectations fade -
more
(SMM) LME Nickel to Rise to $10,400-10,800 Next Week, SMM Says
Hopes in New Caledonia for nickel price rise - Traders in London say
nickel stocks are decreasing, raising hopes in New Caledonia that the price
for the territory's top export commodity will go up again. -
more
Spotted
Quoll beats records for Western Areas - Nickel miner Western Areas has reported
its highest quarterly output since the December 2013 quarter, as its Spotted
Quoll mine, in Western Australia, achieved record production in the quarter
ended September 30. -
more
Miner 'hard
worker,' 'gentle soul' - Richard Pigeau, the local miner killed in an accident
at Glencore's Nickel Rim South Mine last Tuesday, enjoyed spending time on
his boat and listening to music, and his quiet time reading. -
more
Tour
of mines precedes Dayton's tough PolyMet decision - Sometime next year, Gov.
Mark Dayton expects to face a major decision about whether a new copper and
nickel mining project gets the ultimate go-ahead. -
more
Ex-
wife of Russia's richest oligarch who had secret mistress and love child
on her fight for his £10BILLION fortune - The spurned former wife at
the centre of the world's biggest divorce has laughed off her estranged husband's
claim that he is down to his last millions.-
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, October 22
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.72/lb. Indicators
at 6:00 am CST today show 3 month nickel trading around $.04/lb
and experiencing a
session high rally at the moment. Stockpiles of nickel stored in LME approved
warehouses fell on Wednesday and now total just under the 434,250 tonne level.
Average price of cash nickel so far this month - $4.68/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
Commodity
Markets May Not See a Sustained Rally Until the 2020’s - There’s
no quick fix on the horizon for the world’s beleaguered commodity markets,
if more than a century of price cycles is any guide. -
more
Call
for common New Caledonia nickel stance - New Caledonia's pro-French Republicans
have called for a meeting of the signatories of the Noumea Accord to develop
a common nickel policy. -
more
Miners
proving stubborn on output cuts despite price slide -Base metal mines
dipping into the red are proving unexpectedly resilient against output cuts,
which is likely to prolong and deepen already weak prices. -
more
Brazil Vale
posts $2 bln loss on currency, iron ore slump - Brazilian miner Vale SA reported
on Thursday a net loss of $2.12 billion in the third quarter due to low iron
ore prices and a weakening real against the dollar. -
more
Glencore
Canadian nickel mine remains closed after fatality - Operations at Glencore
Plc's Nickel Rim South mine in Sudbury, Ontario were suspended until further
notice for a second day on Wednesday after a worker was killed underground
on Tuesday morning. -
more
Voisey’s
Bay nickel, copper and cobalt deposit in quite the discovery - Mining analyst
Stephan Bogner published a research update on Equitas Resources Corp. as
the company provided a remarkable drilling update yesterday after market
close.
- 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, October 21
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.74/lb. Indicators at
6:15 am CST today show 3 month nickel trading around $.05/lb
lower, and recoverying
from earlier session lows. Stockpiles of nickel stored in LME approved warehouses
fell for its 12th consecutive session Tuesday, and now total 435,450 tonnes.
The Euro is trading higher this morning, as are European stocks, but nickel
is yet to find its footing. Today's steel production numbers for September
are not offering much support.
Average price of cash nickel so far this month - $4.68/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
European earnings, China's weakness drag on stocks -
more
Mining
exec kidnapped May 3 freed Tuesday - The finance officer of a mining firm
who was kidnapped from a hotel in Bongao, Tawi-tawi on May 3 was freed in
Indanan, Sulu on October 20, ending five months and 17 days in captivity.
-
more
Mining
town Kambalda looks to 50th anniversary despite nickel turmoil - Amid the
toughest downturn the nickel town has ever seen, Kambalda residents say it
is only a matter of time before the tide turns. -
more
Worker dies
at Sudbury's Nickel Rim mine - A Ministry of Labour inspector is on the scene
of a fatality at Glencore's Nickel Rim South Mine. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Tuesday, October 20
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.71/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.01/lb
lower, and recovering
from earlier session lows. Stockpiles of nickel stored in LME approved warehouses
continue to slide, and now total just under the 435,000 tonne level. Nickel
prices were damaged by a lower Euro yesterday, which is recovering slightly
today. The ISSF reports world wide stainless steel production was down slightly
during the first six months of 2015 (see below).
Average price of cash nickel so far this month - $4.68/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
Commodities in the “Year of the Booby Trap” -
more
Freight Costs Could Soar as Driver Shortage Grows -
more
Stainless
Steel Production Turns Out At 21.1 Million Metric Tons In The First Half
of 2015 - The International Stainless Steel Forum (ISSF) has released figures
for the first half year of 2015 showing that at 21.1 million metric tons
stainless steel melt shop production decreased 0.7% year–on–year.
Production increased in the Americas and in China. -
more
COLUMN-LME Week; adjusting to life after the supercycle: Andy Home
- The Swiss trading and mining giant's announcement of massive production
cutbacks just ahead of LME Week did at least lighten the otherwise decidedly
downbeat mood among the great and the good of the metals business meeting
in London last week. -
more
Nickel's market polish may buck metals malaise - Amid concerns in the
mining sector that prices for metals and ores may not yet have found the
bottom of the market, there may be light at the end of the tunnel for nickel,
despite record high inventories being held by the London Metals Exchange.
-
more
China
crude steel output falls in Sept y/y as demand slows - China's crude steel
output fell 3 percent in September from a year ago to 66.12 million tonnes,
government data showed on Monday, as persistent weakness in demand in the
world's top producer forced steekmakers to curb output. -
more
Brazil’s Vale Q3 nickel output up from Q2, nine-month output up
- Vale produced 71,600 mt of nickel in the third quarter, down from 72,100
mt in Q3 last year but up from 67,100 mt in the second quarter of 2015, the
Brazilian miner said Monday. -
more
Courtesy
AISI - In the week ending October 17, 2015, domestic raw steel production
was 1,675,000 net tons while the capability utilization rate was 70.1 percent.
Production was 1,840,000 net tons in the week ending October 17, 2014 while
the capability utilization then was 76.5 percent. The current week production
represents a 9.0 percent decrease from the same period in the previous year.
Production for the week ending October 17, 2015 is down 1.8 percent from
the previous week ending October 10, 2015 when production was 1,705,000 net
tons and the rate of capability utilization was 71.3 percent.
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Monday, October 19
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at $4.80/lb
. Indicators at
6:00 am CST today show 3 month nickel trading around $.05/lb
lower, and market
is quiet so far today. Stockpiles of nickel stored in LME approved warehouses
fell on Friday and now total just under the 437,650 tonne levels. SMM reports
nickel stockpiles at six major Chine ports fell 1.03 million tonnes to 10.11
million tonnes last week. These levels are about half of what they were a
year and a half ago, when Indonesia exports were flooding the market.
Average price of cash nickel so far this month - $4.68/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
El Nino halts Papua New Guinea gold mine-Barrick -
more
Asia stocks near 2-month highs on encouraging China data -
more
GDP growth rate of 6.9% beats market expectations: NBS -
more
Top Philippine
nickel miner says prices may have hit bottom - Global nickel prices may have
hit bottom and production cuts could hasten a recovery in the metal that
has lost nearly a third of its value this year, the CFO of the Philippines'
top nickel ore miner said. -
more
Nickel's market polish may buck metals malaise - Amid concerns in the mining
sector that prices for metals and ores may not yet have found the bottom
of the market, there may be light at the end of the tunnel for nickel, despite
record high inventories being held by the London Metals Exchange. -
more
Finland's
Outokumpu sells stake in Chinese mill to cut debt - Europe's largest stainless
steel company Outokumpu is selling a 55 percent stake in Shanghai Krupp Stainless
(SKS), Chinese joint venture mill, for 370 million euros ($420.5 million)
to reduce debt. -
more
Chinese
Steel demand may drop by 3.5% in 2015, 2% in 2016: worldsteel - The Chinese
economy has decelerated as the impact of the rebalancing measures on the
investment and real estate sector turned out to be more severe than expected,
said the World Steel Association (worldsteel). -
more
Shipments
declined from 2014 levels in September for both steel and aluminum in the
United States and Canada. Inventory positions deteriorated again for both
metals in both countries. -
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, October 15
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.76/lb. Indicators at
6:00 am CST today show 3 month nickel trading around $.06/lb
higher, but having
trouble moving higher. Stockpiles of nickel stored in LME approved warehouses
fell for an eighth consecutive session and now total just over the 438,600
tonne level. New Caledonia's Congress confirmed an earlier decision to block
exports of nickel ore to China yesterday.
Average price of cash nickel so far this month - $4.65/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
LMEWEEK-EL
Nino to aid nickel, bauxite, tin supplies; cut copper - An El Nino weather
pattern that is expected to be the strongest in nearly 20 years looks set
to hit copper mining over the coming months, but should boost production
of bauxite, nickel ore and tin in 2016, industry sources said. -
more
Glencore likely
to cut back nickel production, says analysts - According to analysts
speculations, Glencore may cut back Nickel production. The company had earlier
announced cuts to its copper and zinc production. -
more
Majority
Of New Caledonia Congress Favors More Nickel Exports - New Caledonia's Congress
has narrowly backed calls to extend nickel ore exports to China - an issue
at the centre of a three-week industrial conflict in August. -
more
Clive
Palmer reassures Queensland Nickel workers about their future - Federal MP
Clive Palmer has met with Queensland Nickel workers in north Queensland to
reassure them about the future of his company. -
more
INSG
Anticipates Nickel Production in 2015 -16 to Continue Declining = Consumption
shows upward trend, and supply will become tight in 2016 = The regular meeting
of International Nickel Study Group (INSG) was held during 5th to 6th of
October in Lisbon, Portugal. -
more
Philippine
nickel miner pursues $22-mln IPO despite metal slump - Philippine nickel
miner TVI Resource Development (Phils) Inc plans an initial public offering
to raise up to 1 billion pesos ($22 million) to fund a domestic gold and
silver mining project, a preliminary prospectus showed. -
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, October 14
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.73/lb
. Indicators
at 6:00 am CST today show three month nickel trading flat and showing little
enthusiasm. Stockpiles of nickel stored in LME approved warehouses fell for
a seventh staight session and now total just over the 439,000 tonne level.
Half way thru LME Week and not much news to move the market except lower
than expected inflation levels reported in China.
Average price of cash nickel so far this month - $4.65/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
(SSY) According to the latest Short Range Outlook from the World Steel
Association, Chinese apparent steel use (ASU) is forecast to contract by
-3.5% this year and again by -2.0% in 2016. This contraction in Chinese demand
has contributed to a world ASU growth forecast of -1.7% this year to 1,513.4
Mt, with growth of 0.7% in 2016.
Nickel
pig iron producer in Indonesia to triple capacity by May - A unit of China
steel producer Tsingshan Group is set to triple its capacity to produce nickel
pig iron in Indonesia as soon as May, an executive said, as the Southeast
Asian nation pushes to win more profit from its mineral wealth. -
more
Clive
Palmer will 'not allow' Queensland Nickel to borrow from state - Clive Palmer
has claimed he will "not allow" his nickel refinery to borrow money from
the Queensland Government, despite holding at least two meetings with senior
ministers in the past two weeks. -
more
September
Production Volume from Ambatovy Nickel Project = Ni production is down by
14% from prior month, and product passes examination by LME = Sherritt
International Corporation, Canada reported its September production volume
from Ambatovy Nickel Project in Madagascar on October 6. -
more
Sudbury's
job market continues to soften - Sudbury lost another 1,400 jobs in September
as the job market in the city continues to weaken. -
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, October 13
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.79/lb. Indicators
at 6:15 am CST today show 3 month nickel trading around $.04/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell very slightly on Monday
and now total just under the 438,750 tonne level. The nickel market continues
to drift, with LME Week taking much of the trading houses attention, and
traders waiting to see if last weeks bump turns out to be something more
than a dead cat bounce.
Average price of cash nickel so far this month - $4.82/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
Europe Stocks Fall as China Data Reignite Global Growth Concern -
more
Pacific and Indian oceans now reinforcing climate patterns -
more
LMEWEEK-Funds
bet on beaten-down basic resources stocks - Some brave investors are taking
a risk by betting on a sharp rebound in European basic resource shares, which
have mounted a fledgling recovery recently after slumping more than 40 percent
in just five months. -
more
Nickel
prices rebound, boosted by speculation of Glencore output cuts - Nickel prices
have rebounded after dropping to a near seven-year low last week, buoyed
by market speculation that heavily indebted miner and trader Glencore Plc
could curb output following cuts to its copper and zinc production. -
more
Treasurer
meets Clive Palmer over Townsville's Queensland Nickel refinery - Queensland
Treasurer Curtis Pitt has become the second senior Queensland government
member to meet with Clive Palmer to discuss his Queensland Nickel refinery,
but he has refused to say whether there was a request for help. -
more
The Metals
Poll That Shows Just How Hard Forecasting Can Be - What do attendees of LME
Week know about the likely direction of metals prices? -
more
worldsteel
Short Range Outlook 2015-2016 - The World Steel Association (worldsteel)
today released its Short Range Outlook (SRO) for 2015 and 2016. worldsteel
forecasts that global steel demand will decrease by -1.7% to 1,513 Mt in
2015 following growth of 0.7% in 2014. -
more
Nickel
Asia Jan-Sept shipments value drop 40% on low prices - Nickel Asia Corporation
said its estimated value of its shipments dropped 40 percent to P12.3 billion
for the first nine months of 2015 from the P20.5 billion reported in the
same period last year due to lower prices. -
more
Courtesy AISI
- In the week ending October 10, 2015, domestic raw steel production was
1,705,000 net tons while the capability utilization rate was 71.3 percent.
Production was 1,840,000 net tons in the week ending October 10, 2014 while
the capability utilization then was 76.5 percent. The current week production
represents a 7.3 percent decrease from the same period in the previous year.
Production for the week ending October 10, 2015 is down 1.3 percent from
the previous week ending October 3, 2015 when production was 1,727,000 net
tons and the rate of capability utilization was 72.2 percent.
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Monday, October 12
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.81/lb
. Indicators
at 6:15 am CST today show 3 month nickel trading around $.04/lb
higher, its highest
trading price since early August. Stockpiles of nickel stored in LME approved
warehouses continue to fall, down a fifth consecutive session and now totaling
just under the 439,800 tonne level. Nickel is up nearly 8% over the past
week, but still 29-1/2% lower on the year. This is LME Week so unless traders
hear whispers of something huge coming down the pike, we doubt you will see
much happen with the nickel market the first part of the week.
Average price of cash nickel so far this month - $4.62/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
LMEWEEK-Mini
contracts to be launched in nickel, tin and lead-LME - Chief Executive Garry
Jones of the London Metal Exchange (LME) said on Monday that mini contracts
are due to be launched in nickel, tin and lead. -
more
LMEWEEK-China base metal demand to inch up next yr, may pick up in H2 - Most
base metals will face tepid demand in China in 2016 as the economy slows
in the world's largest consumer of the commodities used in everything from
jet engines to cooking utensils, although there is some hope appetite will
strengthen later in the year. -
more
Anglo
American Completes Barro Alto Furnace Rebuilds Ahead Of Schedule - Anglo
American completed the rebuild of its two electric furnaces at its nickel
operation in the Barro Alto city, Goiás state, Brazil almost two months
ahead of schedule, the company said in its e-mail to SMM. -
more
Nickel to
rise nine percent next year, copper to end four years of falls: GFMS - Nickel
prices will lead the base metals complex to gain 9 percent next year following
dramatic falls this year, with supply constraints meeting strong consumption
as China's economy avoids a hard landing, consultants GFMS said on Thursday.
-
more
What is stainless steel application? - In metallurgy, stainless steel, also
known as inox steel or inox from French "inoxydable", is a steel alloy with
a minimum of 10.5% chromium content by mass. -
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
Friday, October 9
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Thursday's trading session at
$4.63/lb. Indicators at
6:15 am CST today show 3 month nickel trading around $.25/lb
higher, and trading
around the $10,750 tonne level. Stockpiles of nickel stored in LME approved
warehouses fell by over 2000 tonnes for the fourth consecutive session and
now stand just under 441,500 tonne level. Nickel is up thanks to a big jump
in zinc prices, coming after Glencore announced a big cut in zinc production,
and the base metal rally that followed, forced shorts to cover their bets.
Many traders are heading to LME Week to be held next week and do not want
to be exposed to any sudden turns in the market while they are in a conference.
Typically, little happens during LME Week, but we don't expect today's increase
to stick. We have been wrong many times before but the market has little
to justify a bullish turn. Have a safe and relaxing weekend.
Average price of cash nickel so far this month - $4.56/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Global stocks eye biggest rally in four years on Fed relief -
more
Miner Rally Going Strong Boosts European Stocks for a Sixth Day -
more
LMEWEEK-China
base metal demand to inch up next yr, may pick up in H2 - Most base metals
will face tepid demand in China in 2016 as the economy slows in the world's
largest consumer of the commodities used in everything from jet engines to
cooking utensils, although there is some hope appetite will strengthen later
in the year. -
more
China base
metal demand to inch up next yr, may pick up in H2 - Most base metals will
face tepid demand in China in 2016 as the economy slows in the world's largest
consumer of the commodities used in everything from jet engines to cooking
utensils, although there is some hope appetite will strengthen later in the
year. -
more
Global nickel
market seen in 23 000 t deficit in 2016 – INSG - The global nickel market
should swing into a 23 000 tonne deficit in 2016 from a small surplus in
2015, the International Nickel Study Group (INSG) said on Wednesday, predicting
that Chinese customers would drive an increase in nickel use. -
more
Goldman lowers
2016 price forecasts for nickel, zinc, lead - Goldman Sachs on Thursday slashed
its 2016 price forecasts for nickel, zinc, and lead by more than 20 percent,
primarily citing challenges to Chinese metals and mining demand. -
more
Nickel to
rise 9 percent next year, copper to end four years of falls: GFMS - Nickel
prices will lead the base metals complex to gain 9 percent next year following
dramatic falls this year, with supply constraints meeting strong consumption
as China's economy avoids a hard landing, consultants GFMS said on Thursday.
-
more
Forecast
on Demand for Special Steel During October to December 2015 = Down by 9%
from year-earlier period, and demands for auto and energy industries are
weak = The Ministry of Economy, Trade and Industry made clear its forecast
on the demand for special steel products during October to December in 2015
in its lecture made in the meeting held on October 5 by Special Steel Association
of JAPAN. -
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, October 8
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.61/lb
. Indicators
at 6:15 am CST today show 3 month nickel trading around $.01/lb
lower, but off earlier
session lows. Stockpiles of nickel stored in LME approved warehouses fell
over 2000 tonnes for a third consecutive session and now totals just under
the 443,600 tonne level. China markets bounced when they opened as we expected,
but nickel isn't biting into the optimism just yet. After three consecutive
sessions of growth the first three sessions of the month, LME stockpiles
have fallen by large amounts the last three sessions. Cancelled warrants
show interest but it appears much of the sold nickel is being bought by one
trader.
Average price of cash nickel so far this month - $4.57/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
Tumbling
nickel prices eat into miners' profits, but turnaround could be in sight
- Tumbling nickel prices are eating into miner profits with about 60 per
cent of global producers now losing money — but one investment bank
believes there is a turnaround in sight. -
more
Nickel price
to double: analyst - The price of nickel will almost doubt to $US20,000 a
tonne by March 2017, according to investment bank and corporate advisor Alto
Capital. -
more
Thomson Reuters
Publishes GFMS Base Metals Review & Outlook - In the run up to LME Week
2015, which kicks off on Monday 12th October 2015, the GFMS research team
at Thomson Reuters publishes updated price forecasts for the base metals
complex. -
more
Amec
calls for belt-tightening in nickel sector - Nickel miners will need to continue
their focus on cutting costs if they are to emerge from the low price environment
ready to drive a new wave of exploration and development once prices improve,
the Association of Mining and Exploration Companies (Amec) says. -
more
'Future still bright for Nickel West' - BHP Billiton nickel boss Eddy Haegel
says struggling Nickel West needs to develop a “junior miner mindset”
to survive the nickel price crisis and thrive in the future. -
more
Production
of Stainless Steel Products in July 2015 Is 231,194 Tons = Up by 3% from
prior month, and production of Cr-type and Ni-Cr-type is up = The Ministry
of Economy, Trade and Industry announced the production volume of stainless
steel products (hot-rolled products) in July 2015 was 231,194 tons, which
was up by 2.9% from the prior month and down by 3.2% from the year-earlier
month. -
more
BHP to
cut 37 jobs at Kambalda concentrator - Mining giant BHP Billiton will
cut some 37 staff from its Kambalda concentrator, in Western Australia, as
third-party providers cut ore supply. -
more
Courtesy AISI
- In the week ending October 3, 2015, domestic raw steel production was 1,727,000
net tons while the capability utilization rate was 72.2 percent. Production
was 1,862,000 net tons in the week ending October 3, 2014 while the capability
utilization then was 77.4 percent. The current week production represents
a 7.3 percent decrease from the same period in the previous year. Production
for the week ending October 3, 2015 is down 0.5 percent from the previous
week ending September 26, 2015 when production was 1,735,000 net tons and
the rate of capability utilization was 72.6 percent.
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Wednesday, October 7
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.62/lb
. Indicators
at 6:15 am CST today show 3 month nickel trading around $.11/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Tuesday and now total
446,400 tonnes. Nickel is starting to trade higher, as equity markets find
some life. China re-opens for business tomorrow after a week long holiday
and in an effort to catch up with Hong Kong markets, we could see a big increase,
which could carry over to the rest of the world. Then again, who knows what
will happen. For today, optimism is sneaking back in.
Average price of cash nickel so far this month - $4.55/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(Tweet) Global nickel output expected to decrease to 1.942 mln t in 2016,
vs 1.954 mln t in 2015, according to Internation Nickel Study Group
Western
Areas cuts spending to counter low nickel prices - Western Areas, one of
Australia’s largest nickel producers, says it will delay $32.6 million
of planned investment to counter low prices of the industrial metal. -
more
Sherritt
Announces Ambatovy September Monthly Production Update - Sherritt International
Corporation ("Sherritt" or the "Corporation") (TSX: S) announced today the
September 2015 production and pressure acid leach (PAL) throughput results
for the Ambatovy Joint Venture. -
more
Durango
Looking at Additional Labrador Nickel Prospects - Durango Resources Inc.
is looking at other prospects with positive historical results in and around
the Voisey's Bay area. -
more
Russian
Miner Norilsk Nickel Issues Dollar Bond - Metals miner is first Russian company
to borrow U.S. dollars in nine months -
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
Friday, October 2
Unless
Hurricane Joaquin turns back toward the east coast, we will be traveling
early next week. Our next update will be next Wednesday.
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Thursday's trading session at
$4.57/lb
. Indicators
at 6:15 am CST today show 3 month nickel trading around $.02/lb
lower, and showing
little enthusiasm to do much of anything. Stockpiles of nickel stored in
LME approved warehouses rose on Thursday and now totals just shy of the 453,250
tonne level. Nickel continues to drift and taking cues from the equity markets.
Until the worlds stock markets figure out if their bear markets are over,
nickel could continue to flounder.
Average price of cash nickel so far this month - $4.71/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
Mwana
approves name change to Asa Resources, says to go global - Mwana Africa’s
board approved a proposal to change the company’s name to Asa Resource
Group Plc at the annual general meeting in London on Tuesday as it moves
to spread its interests beyond the continent. -
more
Norilsk
Nickel To Benefit From The Volkswagen Emissions Scandal - Norilsk Nickel
may benefit significantly from the Volkswagen emissions scandal. -
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, October 1
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.69/lb. Indicators
at 6:00 am CST today show 3 month nickel trading around $.10/lb
higher. Stockpiles
of nickel stored in LME appored warehouses rose on Wednesday and ended the
month of September just over 452,634 tonnes and 1,410 tonnes lower than it
ended the prior month. For a second day, European markets are trading higher,
with US futures sharply higher for a second day, with nickel tagging along.
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
(Reuters) SNC-Lavalin said on Wednesday it has exercised its option to sell
its 5 percent stake and the balance of its loans in the Ambatovy Nickel project
in Madagascar to Japan's Sumitomo Corp for approximately C$600 million (US$451
million) in cash.
West Virginia trial starts for mine exec in deadly 2010 blast -
more
What
Ails Glencore Ails the World Economy as Supercycles Reverse - Is a canary
for the global economy to be found down one of Glencore Plc’s mines?
-
more
Negative
outlook for nickel leads Norilsk to cut spending - GMK Norilsk Nickel, Russia's
largest mining company, plans to cut investment and freeze some projects
because it sees the risk of the metals prices remaining low. -
more
Nickel
Deficit Diminishing - Several indicators suggest the expected supply deficit
in the nickel market is diminishing. A lack of output discipline, weak demand
and rising inventories are keeping prices low. -
more
Fear
and loathing as LME mulls position limits: Andy Home - Sometimes revolutions
start with a bang. But more often than not they grow out of a small change
that is barely noticed at the time. -
more
Axiom
Mining maiden nickel resource brings first sales closer - Axiom Mining draws
closer to its goal of shipping ore by the end of this year with the estimation
of a maiden Resource of 4.8 million tonnes at 1.3% nickel and 0.08% cobalt
for its Isabel Nickel Project, Solomon Islands. -
more
Standing
up to harmful industries: conference participants find economic crisis is
environmentalists’ strange bedfellow - Recent experience trying to stop
environmentally harmful activities offers little comfort, Russia’s
ecological activists noted as they exchanged battle stories from dealing
with the diverse problems in Russia’s regions at Bellona’s 5th
annual conference, “The Ecology of Russian Cities/ Public
Initiatives.” -
more
Courtesy AISI
- In the week ending September 26, 2015, domestic raw steel production was
1,735,000 net tons while the capability utilization rate was 72.6 percent.
Production was 1,878,000 net tons in the week ending September 26, 2014 while
the capability utilization then was 78.1 percent. The current week production
represents a 7.6 percent decrease from the same period in the previous year.
Production for the week ending September 26, 2015 is up 1.7 percent from
the previous week ending September 19, 2015 when production was 1,706,000
net tons and the rate of capability utilization was 71.4 percent.
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
"A Guide To LME
Trading"...pdf here(all ton listings are metric
tons = 2204.622 pounds ) Updated daily before 8 am CST weekdays -
DisclaimerOriginal content and opinions copyright
www.estainlesssteel.com. All prices shown on this page
are indications only. Note - For real time and official LME prices, LME requires
a user subscribe to an authorized LME vendor.
Daily
Nickel/Stainless Steel Briefing
(8:00 AM CST is 1PM in London)
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.03/lb
Reports
Commodity/Economic Comments
Even Chinese
Mills Reach Limit of Price Cut of HR Coils for Asia - In the Asian region,
negotiations on hot-rolled (HR) steel coils have been commenced for December
shipment, and among Chinese mills, some having dropped out from a price war
are said to begin to appear. -
NPA
destroys 28 vehicles, heavy equipment in Isabela attack - Alleged New
People’s Army (NPA) remnants reportedly attacked and destroyed 28 vehicles
and heavy equipment units owned by Nickel Asia and Fortune Allied Mining
in Dinapigue town, Isabela on October 28, 2015. -
Vale
denies wrongdoing after Environment Canada water pollution claims - New court
documents obtained by CBC News allege Vale knew it was polluting Sudbury-area
waters for 15 years and didn't address it until Environment Canada got involved.
-
Trouble in New Caledonia over links with China - In August the economy
of the nickel-rich French territory of New Caledonia ground to a halt as
truck drivers set up barricades preventing movement at strategic points around
the main island. -
Freeport's
Mo Production during July to September 23 Million LBS = Down by 4% from
year-earlier period, and sales volume is 23 million lbs, up by 5% ditto =
On October 22, Freeport-McMoRan Copper & Gold Inc. (FCX), a gold mining
company in the U.S. announced its production and sales volumes in the period
from July to September in 2015. -
Ramu
Nico is Strategic partner : Aloi - RAMU Nickel and Cobalt developer, Ramu
NiCo Management (MCC) Ltd is a strategic development partner in Madang Province
and it presents an opportunity for the Madang Provincial Government to partner
with for common infrastructure and economic development. -
Morning Nickel
Price Statistics & Figures
. Indicators
at 6:15 am CST today show 3 month nickel trading around $.03/lb
Global base
metal prices seen weak through 2016: Moody's - Slowing growth in China and
Brazil, muted conditions in Europe and weak recovery in the US economy will
continue to put pressure on global prices of base metals, ratings agency
Moody's Investors Service said on Monday -
. Indicators
at 6:05 am CST today show 3 month nickel trading flat and off earlier highs.
Stockpiles of nickel stored in LME approved warehouses fell slightly on Monday
and now total just under the 428,250 tonne level.
Botswana:
Tati Mine Dedicated to Corporate Social Responsibility - The managing director
of Tati Nickel Mining Company (TNMC), Mr Ditiro Lentswe has said his mine
will continue to assist the underprivileged members of the community in the
villages around it. -
Spotted
Quoll beats records for Western Areas - Nickel miner Western Areas has reported
its highest quarterly output since the December 2013 quarter, as its Spotted
Quoll mine, in Western Australia, achieved record production in the quarter
ended September 30. -
Ex-
wife of Russia's richest oligarch who had secret mistress and love child
on her fight for his £10BILLION fortune - The spurned former wife at
the centre of the world's biggest divorce has laughed off her estranged husband's
claim that he is down to his last millions.-
Miners
proving stubborn on output cuts despite price slide -Base metal mines
dipping into the red are proving unexpectedly resilient against output cuts,
which is likely to prolong and deepen already weak prices. -
Brazil Vale
posts $2 bln loss on currency, iron ore slump - Brazilian miner Vale SA reported
on Thursday a net loss of $2.12 billion in the third quarter due to low iron
ore prices and a weakening real against the dollar. -
Stainless
Steel Production Turns Out At 21.1 Million Metric Tons In The First Half
of 2015 - The International Stainless Steel Forum (ISSF) has released figures
for the first half year of 2015 showing that at 21.1 million metric tons
stainless steel melt shop production decreased 0.7% year–on–year.
Production increased in the Americas and in China. -
Nickel's market polish may buck metals malaise - Amid concerns in the
mining sector that prices for metals and ores may not yet have found the
bottom of the market, there may be light at the end of the tunnel for nickel,
despite record high inventories being held by the London Metals Exchange.
-
Finland's
Outokumpu sells stake in Chinese mill to cut debt - Europe's largest stainless
steel company Outokumpu is selling a 55 percent stake in Shanghai Krupp Stainless
(SKS), Chinese joint venture mill, for 370 million euros ($420.5 million)
to reduce debt. -
Nickel
pig iron producer in Indonesia to triple capacity by May - A unit of China
steel producer Tsingshan Group is set to triple its capacity to produce nickel
pig iron in Indonesia as soon as May, an executive said, as the Southeast
Asian nation pushes to win more profit from its mineral wealth. -
September
Production Volume from Ambatovy Nickel Project = Ni production is down by
14% from prior month, and product passes examination by LME = Sherritt
International Corporation, Canada reported its September production volume
from Ambatovy Nickel Project in Madagascar on October 6. -
Anglo
American Completes Barro Alto Furnace Rebuilds Ahead Of Schedule - Anglo
American completed the rebuild of its two electric furnaces at its nickel
operation in the Barro Alto city, Goiás state, Brazil almost two months
ahead of schedule, the company said in its e-mail to SMM. -
Forecast
on Demand for Special Steel During October to December 2015 = Down by 9%
from year-earlier period, and demands for auto and energy industries are
weak = The Ministry of Economy, Trade and Industry made clear its forecast
on the demand for special steel products during October to December in 2015
in its lecture made in the meeting held on October 5 by Special Steel Association
of JAPAN. -
Unless
Hurricane Joaquin turns back toward the east coast, we will be traveling
early next week. Our next update will be next Wednesday.
Mwana
approves name change to Asa Resources, says to go global - Mwana Africa’s
board approved a proposal to change the company’s name to Asa Resource
Group Plc at the annual general meeting in London on Tuesday as it moves
to spread its interests beyond the continent. -
Axiom
Mining maiden nickel resource brings first sales closer - Axiom Mining draws
closer to its goal of shipping ore by the end of this year with the estimation
of a maiden Resource of 4.8 million tonnes at 1.3% nickel and 0.08% cobalt
for its Isabel Nickel Project, Solomon Islands. -
