This
page is archived news covering the period of September 2015
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Wednesday, September 30
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.48/lb
. Indicators
at 6:05 am CST today show 3 month nickel trading around $.15/lb
higher, and crawls
back over the $10,000/tonne level. Stockpiles of nickel stored in LME approved
warehouses rose on Tuesday and now total just shy of the 452,100 tonne level.
European stocks are trading higher this morning, with US futures sharply
higher, and nickel continues to find its momentum from stock market moves.
China business' are now closed for a week, celebrating Golden Week, and will
re-open for business next Thursday.
Average price of cash nickel so far this month - $4.49/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
Euro-Area Inflation Rate Turns Negative as ECB Debates Stimulus -
more
Supply cuts
required to see price improvement in nickel market: Deutsche Bank - Supply
cuts are required if the global nickel market is to see any sign of a meaningful
price improvement, Deutsche Bank said Tuesday in its fourth quarter commodity
update. -
more
Bleak fourth
quarter prospects for stainless scrap - Stainless steel scrap traders had
been full of positive expectations for the fourth quarter of 2015 but their
hopes were dashed by latest news from the stainless steel market. -
more
Concerns
in New Caledonia over nickel price - There is concern in New Caledonia over
the slump in nickel prices and the sharp drop of the share value of Glencore,
which is a key stakeholder in the Koniambo nickel plant. -
more
Industrial
metals prices retreat on demand fears and oversupply - The macroeconomic
landscape in China is changing, with slowing economic growth. -
more
Decades of past and future service - Batteries are becoming ever more important
for the global goal of sustainability and nickel is playing its part. -
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, September 29
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.44/lb
. Indicators
at 6:15 am CST today show 3 month nickel trading around $.02/lb
higher, and after jumping
earlier, the price has done little since. Stockpiles of nickel stored in
LME approved warehouses fell on Monday and now total 451,500 tonnes. European
markets are quiet and mixed this morning, apparently waiting for Wall Street
to open and give it some directional guidance. After a brutal Monday, US
futures are higher this morning. We cold see nickel jump a little higher
when US markets open.
Average price of cash nickel so far this month - $4.49/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
(FAN) The European benchmark ferrochrome price has been settled at 104 cents/lb
for the fourth quarter of 2015, a 3.7% decrease from 108 cents/lb in the
third, South African producer Merafe Resources said
Commodities in crisis as Asian shares tumble and shipper files for bankruptcy
-
more
Commodity rout hits traders, emerging markets -
more
El Niño persists as positive IOD emerges in a warm Indian Ocean -
more
Glencore
slumps 30 percent as debt fears grow - Shares in mining and trading company
Glencore fell almost 30 percent and closed at a record low on Monday over
concerns it is not doing enough to cut its debt to withstand a prolonged
fall in global metals prices. -
more
Glencore dives in Hong Kong as its stock rout in London spreads into Asia
-
more
Nickel miner
acquires hi-tech gear - RAMU NiCo Management Ltd says the company has acquired
a technical remote operating vehicle to help the company conduct timely checks
on its project’s deep sea tailing placement disposal integrity. -
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, September 28
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.51/lb. Indicators at
6:15 am CST today show 3 month nickel trading around $.03/lb
lower, and trending
lower after earlier gains. Stockpiles of nickel stored in LME approved warehouses
fell on Friday and now total just under the 452,300 tonne level. Once again,
we are watching nickel shadowing equity markets, which are lower on news
that industrial profits are lower by 8% in China. Friday's large withdrawal
in nickel stocks, if it holds, could see LME nickel stockpiles close lower
on the month for second consecutive month.
Average price of cash nickel so far this month - $4.49/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
(SMM) LME nickel is expected to return to $10,000 per tonne this week, Shanghai
Metals Market foresees.
Glencore Slumps Most Ever as Investec Sees Value Evaporating -
more
Europe Stocks Drop as China Industrial Data Renews Growth Fears -
more
Nickel prices
still down but expected to rally in Q4 2015 - The prices of nickel,
along with other industrial metals, remain weak on the global market as frail
Chinese data continues to pull the entire commodities market down -
more
Glencore
to sell nickel project in Brazil - Glencore PLC has agreed to sell its Araguaia
nickel project in Brazil to Horizonte Minerals PLC for $8 million as part
of its plan to sell non-core assets to pay down debt. -
more
World
Nickel market records small deficit during Jan-July ‘15 - The global
nickel apparent demand slightly exceeded production during the initial
seven-month period of the year. The world nickel market ended in deficit
of 16,000 tons during January to July this year. -
more
Nickel project
gets approval - The Ramu nickel and cobalt project has been given approval
for its operational environment management plan by Conservation Environment
and Protection Authority director Gunther Joku. -
more
Fishing,
mining bans seen hurting Indonesian economy - New regulations designed to
protect local marine resources and develop the country's mining industry
are harming the workers in those fields whom the government wished to help.
-
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, September 24
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.43/lb. Indicators at
6:15 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 over the 454,800 tonne level. LME traded nickel is not shadowing European
equity markets for a change. Based on cancelled warrants now registering
over 45%, we would speculate that large trading houses have decided its time
for nickel to trade higher than it currently is. Whether this move proves
successful, is something only time will tell. The demand side is not sending
any hints that the bear market will end anytime soon. And the supply side
is still producing more nickel than is being consumed. We are on the road
tomorrow, so our next update will be Monday, the 28th. Have a safe and relaxing
weekend.
Average price of cash nickel so far this month - $4.49/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
(SMM) China’s imports of nickel ore are expected to drop in the coming
months after August’s decline, to enter its periodic decline phase,
Shanghai Metals Market foresees.
China nickel ore imports down 28.06% in August
Adventurers
plan year in BWCA to protest copper-nickel mining - Two Minnesota adventurers
are preparing to head into the Boundary Waters Canoe Area Wilderness for
a full year. -
more
Zimasco
targets cost-effective chrome mining - Zimasco says there is need for extensive
exploration so more chrome ore bodies can be identified to enable cost-effective
mining of the thin chrome ore seams of the Great Dyke. -
more
Water situation
at Talvivaara threatens new mine operator - Terrafame, a state-owned
special-purpose company, is seeking a new ruling from the Administrative
Court of Vaasa on the drainage of waste water from the mine of Talvivaara
in Sotkamo. -
more
World Biodiversity
Hotspot Worth Much More than a Nickel - If there were a place in the United
States that possessed such biodiversity that it had been designated an
“Area of Global Botanical Significance” by the International Union
for the Conservation of Nature and also proposed as a UNESCO World Heritage
Site and Biosphere Reserve, surely it would be protected from any industrial
development that would compromise its ecological integrity. -
more
Poverty,
mining, violence #StopLumadKillings - The news, as expected, is rife with
government and military press releases, now informing the public that: “The
Philippine Army has formed a task force to hunt down a paramilitary group
blamed for the killing of an executive director of a school for lumads and
two lumad leaders in Lianga town, Surigao del Sur.” -
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, September 23
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.38/lb
. Indicators
at 6:15 am CST today show 3 month nickel trading around $.07/lb
higher, and off earlier
highs. Stockpiles of nickel stored in LME approved warehouses rose on Tuesday
and now totals just over the 454,000 tonne level. Cancelled warrants jumped
over 40% yesterday and rolled over 44% today, as it appears some large trading
houses may be placing some big bets. Asian markets fell on negative PMI factory
data from China, while European markets are higher on positive PMI factory
data. The US is looking east and futures are currently higher.
Average price of cash nickel so far this month - $4.50/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
China factory slump casts pall but Europe pierces gloom -
more
European
stainless steel surcharges slide again for October - October’s monthly
alloy surcharges on austenitic grades of stainless steel flat-rolled products
in Europe continue to slide in the face of continued weakness in nickel and
molybdenum prices, first mill announcements indicated Tuesday. -
more
KGHM puts
McCreedy West mine on care and maintenance - KGHM International of Toronto
says low metal prices are forcing it to put its McCreedy West nickel mine
on care and maintenance by Oct. 1, 2015. The mine is located near Sudbury.
-
more
Nickel imports
by China slump 60% as stainless industry slows - China’s imports of
refined nickel dropped to the lowest level in four months in August, underscoring
flagging demand as the stainless-steel industry slowed. -
more
Indonesia
vows to stick with ore export curbs as metals sink - Indonesia won't flip-flop
on its mineral-ore export ban even as prices of metals languish at multiyear
lows, with President Joko Widodo reaffirming his government's full support
for the policy that's designed to compel investment in processing capacity.
-
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, September 22
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.42/lb
. Indicators
at 6:15 am CST today show 3 month nickel trading around $.06/lb
lower, with the entire
session so far trending lower. Stockpiles of nickel stored in LME approved
warehouses fell on Monday and now total just under the 452,700 tonne level.
European and US equity markets traed higher yesterday and this helped pull
nickel slightly higher. Today, the opposite is true. European markets are
trading sharply lower, US futures are down, and nickel is in tow once again.
Fall begins tomorrow for those north of the equator, spring for those south.
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
(MM) Today nickel plunged as much as 1% after China’s imports of the
refined metal slump to the smallest in four months, underscoring flagging
demand in the world’s largest consumer.
(Deutsche Bank) We conservatively estimate that half of #nickel industry
is loss-making at the current spot price.
(SMM) Nickel prices in China’s domestic market are expected to rally
during Q4, Simon Bao, Deputy Marketing General Manager of Jinchuan Group,
was quoted as saying.
Finland's
Outokumpu warns of bigger third-quarter loss - Outokumpu, Europe's largest
stainless steel maker, has warned its quarterly loss will be deeper than
expected, citing weak demand from distributors amid high stock levels and
low nickel prices. -
more
Times tough
for miners all over - Europe's No. 2 copper producer Poland's KGHM said on
Monday it would put its McCreedy West copper mine in Sudbury on care and
maintenance, the latest victim of sinking prices as worries about demand
from China fuel the biggest market rout in years. -
more
Miners turn to alternative finance to cut debt as downturn grinds on -
more
August
2015 crude steel production - World crude steel production for the 65 countries
reporting to the World Steel Association (worldsteel) was 132 million tonnes
(Mt) in August 2015, a -3.0% decrease compared to August 2014. -
more
LME gets
industry execs on board ahead of steel contracts launch - The London Metal
Exchange (LME) has appointed four new members to its steel committee, including
leading industry executives who are backing the exchange's new steel rebar
and scrap contracts ahead of their launch in November. -
more
Metal exchange
investors in rare protest accuse regulators of 'ignoring fraud' - Hundreds
of investors gathered outside the headquarters of China's securities watchdog
on Monday to protest against a metals exchange in a southwest province they
accuse of defrauding them of billions of yuan. -
more
Glencore
Falls to Record as Mining Shares Lead Stock Losses - Mining shares including
Glencore Plc led a slump in European equities as metals prices tumbled on
fears that an economic slowdown in China, the world’s biggest consumer
of raw materials, is deepening. -
more
Courtesy AISI
- In the week ending September 19, 2015, domestic raw steel production was
1,706,000 net tons while the capability utilization rate was 71.4 percent.
Production was 1,878,000 net tons in the week ending September 19, 2014 while
the capability utilization then was 78.1 percent. The current week production
represents a 9.2 percent decrease from the same period in the previous year.
Production for the week ending September 19, 2015 is up 0.7 percent from
the previous week ending September 12, 2015 when production was 1,694,000
net tons and the rate of capability utilization was 70.9 percent.
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
Monday, September 21
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.40/lb
. Indicators
at 6:15 am CST today show 3 month nickel trading around $.03/lb
higher, but fading
and well off earlier session highs. Stockpiles of nickel stored in LME approved
warehouses rose on Friday and is now higher than where the month started.
After a fourth day of over 1000 tonne gain, stockpiles now total just over
the 454,100 tonne level. Shanghai Metals Market reports stockpiles of nickel
ore at six major ports fell by 50,000 tonnes last week and now total 10.89
million tonnes. Another incredibly quiet day on the market news front, and
it seems more like August than September.
Average price of cash nickel so far this month - $4.51/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(Tweet) China Aug refined nickel imports up 114.9% y/y at 20,615 tonnes
(SMM) Jinchuan Group cut ex-works prices of nickel to 75,500 yuan per tonne
on Sept. 21, Shanghai Metals Market learns.
China Nickel
Imports and Exports Data August 2015 - The General Administration of China
Customs released data of China's August imports and exports of nickel on
Sep.21 (Unit: mt) -
more
How Norilsk
Nickel reduced maintenance downtime by 86 pct - Norilsk Nickel Harjavalta
Oy, located in Finland, is a member of the Norilsk Nickel Group and develops
competitive products and production technology. -
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, September 18
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Thursday's trading session at
$4.51/lb
. Indicators
at 6:15 am CST today show 3 month nickel trading around $.04/lb
lower, and struggling
to establish a session floor. Stockpiles of nickel stored in LME approved
warehouses rose for a third consecutive session and now total 453,000 tonnes.
The Federal Reserve did exactly what we suspected yesterday, and once again,
showed it is afraid of a very fickle market. The US Dow only ended down 66
points yesterday, but saw stocks drop by over 300 points in the last half
hour of trading. Futures are down sharply this morning. So why did the Fed
bow to the desires of the market, yet the market is in retreat? Because by
giving the market the near no existent interest rates it desires, it told
the world they did not have faith in the US economy. What will it take for
the Federal Reserve to once again show some confidence in the US economy?
Who knows but apparently low unemployment and low inflation aren't it. Someone
should start asking if the Federal Reserve feels the US economy is now solely
dependent on its generosity? No real trade news today so we will leave
yesterday's post up. Have a safe and relaxing weekend.
Average price of cash nickel so far this month - $4.52/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
(SMM) LME nickel is expected to edge higher in this coming week, Shanghai
Metals Market foresees.
(Platts) Chinese molybdenum, nickel mines in Zunyi City stay shut in Sep
due to mining reforms based on need for environmental protection
Jindal Stainless
Ltd to shut down operations of ferro alloys unit at Kothavalasa - Due to
pending differences between Management and workers who have lately been resorting
to go-slow and other disruptive tactics, Management has decided to temporarily
shut down operations of the Ferro Alloys Unit at Kothavalasa in Vizianagaram
district, Andhra Pradesh and shift production of ferro chrome to more economical
Jajpur facilities. -
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, September 17
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.57/lb. Indicators at
6:30 am CST today show 3 month nickel trading around $.06/lb
lower, and currently
trading at a new session low. Stockpiles of nickel stored in LME licensed
warehouses rose for a second session and now total just under the 450,350
tonne level. European markets are trading quietly so far this morning, with
US futures slightly lower, as world markets eagerly anticipate the US Fed
decision to be announced at 2 pm EST. Will they raise for the first time
in years, or continue to pass out free money? One needs to remember why interest
rates are so low. This was an important piece of muliple economic 'stimulus'
packages, and intended to be an emergency room IV to markets. After nine
years, it has gone from an IV saline, to a heroin feed for market investors.
Every little burp in some economic report causes the market to yell foul
and warn that the economy is far too fragile to survive on its own. Will
the Fed have the intestinal fortitude to raise rates today? We doubt it.
But we would be willing to bet if they do, it will presented in such an
apologetic manner that markets will wonder if it might be another nine years
before they see another increase.
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
(SSY) The Chinese domestic price for hot rolled band (HRB) dropped by $4/t
from 26 August to its lowest level since March 2002 by 16 September at $265/t,
down $171/t year-on-year, according to the latest SteelBenchmarker from World
Steel Dynamics.
New
Caledonia govt requests congress session on nickel question - The New Caledonia
government has requested a special session of Congress later this month to
address a major issue about nickel exports. -
more
Shipments Decline
Again in August - In August 2015, U.S. service center steel shipments decreased
by 8.9% from August 2014. Steel product inventories increased 1.9% over August
a year. -
more
Chinese steel
firms 'not dumping' - It makes no sense to accuse Chinese steel producers
of dumping in the global market, a spokesman for the Ministry of Commerce
(MOFCOM) said on Wednesday, commenting on moves by some countries to adopt
anti-dumping measures against China's steel products. -
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, September 16
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.56/lb
. Indicators
at 6:30 am CST today show 3 month nickel trading around $.04/lb
higher, but $.07/lb
off earlier session highs. Stockpiles of nickel stored in LME approved warehouses
rose on Tuesday and now total just under the 449,200 tonne level. Commodity
markets are still treading water, awaiting the Fed interest rate decison
due out tomorrow at 2 pm EST. Until then, nothing else really seems to matter.
And as far as nickel is concerned, there really isn't anything else 'to'
talk about.
Average price of cash nickel so far this month - $4.52/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
Pacific Islands Warned To Prepare For Strong To Severe El Niño -
more
China takes
aim at automated trading in commodities futures - China is extending its
control of onshore markets to commodities exchanges, spooked by signs that
speculators have shifted from China's volatile stock markets to commodities
futures. -
more
Courtesy AISI
- In the week ending September 12, 2015, domestic raw steel production was
1,694,000 net tons while the capability utilization rate was 70.9 percent.
Production was 1,878,000 net tons in the week ending September 12, 2014 while
the capability utilization then was 78.1 percent. The current week production
represents a 9.8 percent decrease from the same period in the previous year.
Production for the week ending September 12, 2015 is down 2.7 percent from
the previous week ending September 5, 2015 when production was 1,741,000
net tons and the rate of capability utilization was 72.8 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
Tuesday, September 15
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.50/lb. Indicators
at 6:10 am CST today show 3 month nickel trading around $.02/lb
lower, but presently
bouncing off session lows. Stockpiles of nickel stored in LME approved warehouses
fell on Monday and now total just under the 447,800 tonne level. Someone
at Shanghai Metals Market is probably regretting their forecast made last
Friday - "Nickel prices are expected to keep rising this coming week, Shanghai
Metals Market foresees". That's one of those Homer Simpson 'Doh" statements,
one we see with SMM forecasts more than we should. Nickel has bounced off
weak support near $4.42/lb this morning, but its resilence probably depends
heavily on what equity markets do. Nervous eyes are on the Fed Thursday and
its interesting to watch how the markets thru media reports, are trying to
blackmail the Fed into leaving the rates alone. In fact, one agency yesterday,
said the Fed shoould not only not raise rates, but should consider further
stimulus steps. One article on Bloomberg exclaimed "A Rate Hike, Followed
By A Market Crash". In fact, the author of this partiuclar article
was forecasting a market crash ext year, rate increase or not, but that message
was lost in the title.
Average price of cash nickel so far this month - $4.52/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
(MP) China ferro-nickel imports up 215.75pc in July
China's Aug crude steel output rises 1.7% on month but falls 3.5% on year
to 66.94 mil mt -
more
A strong El Niño and record warm Indian Ocean continue -
more
Nickel's
losses accelerate on China demand outlook - Nickel dropped the most in three
weeks, leading declines in base metals, as further signs of an economic slowdown
in China heightened demand concerns in the Asian nation, the world's largest
consumer. -
more
Nickel, aluminium
expected to trade higher in mid-September - Markets research firm Angel
Commodities said base metals nickel and aluminium would experience a price
hike by the middle of this month due to various positive global cues. -
more
Bright
spot for Atlas Iron while nickel miners face closures - Western Australia's
mid-cap and junior miners have a serious case of white knuckles. While Atlas
Iron has found itself at a slight peak in the commodity price roller coaster
ripping through the sector, nickel producers in the state's Kambalda region
are languishing in a trough. -
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, September 14
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.67/lb. Indicators
at 6:00 am CST today show 3 month nickel trading around $.13/lb
lower this morning.
Stockpiles of nickel stored in LME approved warehouses rose on Friday, after
dropping the prior seven sessions, and now totals just over the 448,300 tonne
level. SMM is reporting nickel ore stockpiles at six major Chinese ports
rose 480,000 tonnes over the past two weeks and now totals 11.39 million
tonnes. This is its highest total since June. Data releases Sunday shows
factory production and fixed-asset investment in China were both weaker than
expected in August. World markets seem to be brushing this negative news
aside, with all eyes on the Fed decision due out Thursday on a possible rate
increase. European markets are trading higher, and US futures are positive.
Average price of cash nickel so far this month - $4.52/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
(SMM) Jinchuan Group is expected to see a drop of 3,000 tonnes in refined
nickel output in September due to unit malfunction, Shanghai Metals Market
estimates
The Indonesian Ore ban as a global market quandary - On January 2014, the
entire extracted commodities market was shocked by the news that the Indonesian
bill that was expected to suppress the global demand had been enacted into
law. -
more
Why recovery
in Nickel price won’t be easy to come by? - Nickel price was trading
around $50,000/ton before financial crisis and after six years from the crisis
and so much of stimulus from global central banks, Nickel is hovering around
$10,000/ton. -
more
Signs
New Caledonia blockade could resume - There are signs in New Caledonia that
truck drivers, who protested last month about a dispute over nickel exports,
are poised to restart their blockades. -
more
Antam
Expects Annual FeNi Production to Be 30,000 Tons Thanks to Expanded Pomalaa
= No.5 oxygen plant starts operation as part of expansion project completed
in July = PT Antam Tbk, Indonesia announced at the end of last week that
the expansion project for Pomalaa plant was completed at the end of July,
and No.5 oxygen plant as part of this project started operation. -
more
U.S. Export
of Nickel Scrap in July 2015 = Up by 8% from prior month, which is mainly
due to increased export to Canada = According to the statistics released
by the U. S. Department of Commerce, the export result of nickel scrap in
July 2015 was 2,044 tons, up by 8.3% from 1,888 tons in the prior month,
and the average export unit price per ton was US$3,723.03, up by 6.3% from
the prior month. -
more
Silver
Swan sale falls through - Nickel miner Poseidon Nickel is developing an alternate
strategy for its Silver Swan project after a sales agreement with Caeneus
Minerals fell through. -
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, September 9
We
are traveling the rest of the week, so our next update will be Monday, Sept
14th.
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.55/lb
. Indicators
at 6:15 am CST today show 3 month nickel trading around $.03/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Tuesday and now total
just under the 451,050 tonne level. Nickel rose above the $10,000/tonne level
this morning and with US equity markets expected to open higher, the market
should be able to hold onto this level for the day. Commodities are tracking
overall trader sympathy, so equity market directions are giving a fair picture
of commodities investment lure.
Average price of cash nickel so far this month - $4.47/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
China's crude steel output continues to fall -
more
Global stocks rally as investors scent fresh stimulus -
more
China the biggest risk to world economy, says Societe Generale -
more
Little sign
of second half recovery for global nickel market: Citi - The global nickel
market is showing little sign of any recovery in the second half of the year,
according to Citi metal analyst David Wilson. -
more
New steel
orders seen to stay flat - Chinese steel market players expect September's
new steel orders to remain at similar levels as last month although prices
could weaken, according to global commodities information provider Platts.
-
more
Independence
Group slashes capex, costs and jobs at nickel mine - Independence Group is
slashing 28 jobs from its Long nickel mine in Kambalda in Western Australia,
as it lowers planned production and spending targets in a bid to combat a
prolonged downturn in the nickel market. -
more
MCC reassures
workers we are here for you in these tough times - Despite some mining and
petroleum companies in the country indicating reduction in manpower, Ramu
NiCo project in Madang is not doing so, the company says. -
more
First Point
to Purchase Cliffs' Ownership of Decar Nickel Project - First Point Minerals
Corp. is pleased to announce that it has entered into a binding agreement
with affiliated companies of Cliffs Natural Resources Inc. to purchase Cliffs'
60% ownership of the Decar nickel project, located in central British Columbia,
for an acquisition price of US$4.75 million. -
more
Courtesy AISI
- In the week ending September 5, 2015, domestic raw steel production was
1,741,000 net tons while the capability utilization rate was 72.8 percent.
Production was 1,893,000 net tons in the week ending September 5, 2014 while
the capability utilization then was 78.6 percent. The current week production
represents a 8.0 percent decrease from the same period in the previous year.
Production for the week ending September 5, 2015 is up 2.2 percent from the
previous week ending August 29, 2015 when production was 1,703,000 net tons
and the rate of capability utilization was 71.2 percent.
Cheap
oil and other commodities: The bright and dark sides - The price of a barrel
of crude oil had recently dropped to as low as $38, but is currently at $45.
The prospects are they would remain at this relatively low level for some
time. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
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, September 8
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.41/lb. Indicators
at 6:30 am CST today show 3 month nickel trading around $.08/lb
higher, with other
London traded base metals trading higher as well. Stockpiles of nickel stored
in LME approved warehouses fell on Monday and now total just over the 451,350
tonne level. With little else to give it direction, nickel is following the
overall commodity pursuit of equity markets, which have been volatile on
Chinese economic concerns. Expecting more Chinese stimulus after further
weak economic data, US futures are sharply higher this morning, as are European
markets. With teh Fed meeting in a week, and a possible rate increase in
the cards, we don't expect the volatility in the market is over just yet.
Average price of cash nickel so far this month - $4.47/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) Bank of America says cuts nickel price forecast by 12.8% to $12,193/t
for 2015, by 18.8% to $14,000/t for 2016
JP Morgan
to stop open outcry trading on London Metal Exchange - U.S. bank JP Morgan
is quitting open outcry trading on the London Metal Exchange after cutting
back on its commodity business, a move that also shows the increasing importance
of electronic dealing in metals. -
more
Norilsk
increases nickel deficit forecast for 2016 - Norilsk Nickel PJSC-the
world’s second largest producer of nickel has raised the nickel deficit
forecast for 2016 by additional 5,000 tons, on account of production cuts
by high cost producers and falling nickel prices. -
more
Govt
withdraws plan to - The government has decided to withdraw its plan to ease
the ban on ore exports as the relaxation of the mining policy would harm
its commitment to fully implement the 2009 Mining Law. -
more
Indonesia will not ease mineral export ban in stimulus package -
more
Ni SUS Scrap
Purchase Price in Sept Starts with JPY125,000 - 130,000 = Down by JPY13,000
- 18,000 from early last month due to continuous drop in LME Ni price = The
purchase price for nickel-containing stainless steel scrap (SABOT) by the
stainless steel mills in the Kanto area started with JPY125,000 - JPY130,000
per ton (delivered at factory), down by JPY13,000 - JPY18,000 from early
August.
- 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, September 4
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Thursday's trading session at
$4.46/lb
. Indicators
at 6:30 am CST today show 3 month nickel trading around $.02/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell on Thursday and now total
just under teh 453,650 tonne level. European markets are trading lower this
morning, as markets nervously await the issue of the US payroll report. Will
it be another show to drop reflecting a slowing worldwide economy, or will
it be a beacon of hope - and add evidence to a potential rate increase. Either
good or bad - the market is liable to take it negatively. Nickel is trading
back below the $10,000/tonne level. Have a safe and relaxing weekend.
Average price of cash nickel so far this month - $4.49/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
Why is nickel trading like it's 2008? Andy Home - On the London Metal Exchange
(LME) benchmark nickel for three-month delivery is currently trading around
$10,000 per tonne. -
more
Low nickel
price 'not sustainable' - Bring on the monsoon. It may seem like a strange
wish to make from a part of the world that is more likely to get a freak
autumn snowfall than a drenching from rain-laden ocean winds, but it could
help a domestic mining industry that has been rocked of late by low nickel
prices. -
more
Indonesia’s ore export ban a hard blow to China Nickel Resources - China
Nickel Resources, listed on the Hong Kong Stock Exchange, had to admit publicly
how badly it is suffering from the Indonesian government’s sudden ban
on all ore exports, including iron and nickel ore. -
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, September 3
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at $4.48/lb. Indicators at
6:15 am CST today show 3 month nickel trading around $.09/lb
higher, and is trading
back above the $10,000/tonne level. Stockpiles of nickel stored in LME approved
warehouses fell on Wednesday and now total just under the 453,700 tonne level.
China markets are closed for the rest of the week so markets are looking
to the EU for a trading direction today, and so far, EU markets have picked
up where US markets closed.
Average price of cash nickel so far this month - $4.46/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
Rio Tinto still aims to boost iron ore production despite China slowdown
-
more
Brazil's
Vale says permitted to restart Onca Puma nickel mine - Brazil's Vale
said on Wednesday it had received a ruling allowing it to restart operations
at the Onca Puma nickel mine, in Para state. -
more
Miner: We
will not scale down manpower - Despite some mining and petroleum companies
in the country indicating reduction in manpower, Ramu NiCo project in Madang
is not doing so, the company says. -
more
Indonesia’s ore export ban a hard blow to China Nickel Resources - China
Nickel Resources, listed on the Hong Kong Stock Exchange, had to admit publicly
how badly it is suffering from the Indonesian government’s sudden ban
on all ore exports, including iron and nickel ore. -
more
Madagascar
considers taking stakes in mining projects, increasing royalty fees - Madagascar
plans to increase royalty fees and claim 10 percent stakes in mining concessions,
under proposed changes to its mining code, according to a draft document
seen by Reuters on Wednesday. -
more
Import of
Stainless Steel Scrap in July 2015 - According to the import statistics prepared
by the Ministry of Finance, the import volume of stainless steel scrap in
July 2015 was 8,115 tons, down by 7.0% from the prior month. -
more
Minnesota:
potentially polluted PolyMet Mine Water could spread - Reports are coming
in stating that there is some potentially polluted water coming from
Minnesota’s first proposed copper-nickel mine, that could flow north
toward the Boundary Waters Canoe Area Wilderness. -
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, September 2
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.42/lb
. Indicators
at 6:30 am CST today show 3 month nickel trading around $.02/lb
higher. Stockpiles
of nickel stored in LME approved warehouses rose on Tuesday and now total
just under the 454,050 tonne level. China markets are closed for the reminder
of the week, which could be positive for world markets that have been rocked
by the recent sell off in Chinese stocks.
Average price of cash nickel so far this month - $4.51/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
(SMM) LME nickel price is expected to return above $10,000 per tonne in
September, Shanghai Metals Market foresees.
(Tweet) Standard Chartered says sees average 2015 nickel price forecast at
$12,013/tonne; sees 2016 outlook at $10,400/tonne
The Institute for Supply Management (ISM) index of national factory activity
fell to 51.1 in August of 2015 from 52.7 the month before. It is the lowest
figure since May of 2013.
As prices slump, metal recyclers steel themselves -
more
China's Fastener Imports and Exports for Jan.-Jul. 2015 -
more
Slow recovery
in stainless steel prices predicted - The trend in MEPS world average stainless
steel prices has been inexorably negative over the past twelve months. -
more
An August
battering for stainless scrap values - Global: Owing to low scrap demand
from the mills over the holiday period and to turbulence on the nickel market,
stainless steel scrap prices slumped during August. -
more
Indonesia
to Keep Ban on Nickel Ore Exports - Indonesia will keep its export ban on
nickel ore, contrary to recent media reports suggesting the country may relax
curbs to prop up its slowing economy, senior government officials said. -
more
EU nickel
release standard amended - The EU standard, defining the test method used
to determine compliance with REACH Regulation nickel release requirements,
has been amended. -
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, September 1
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session unchanged due to holiday
closure. Indicators at 6:15 am CST today show 3 month nickel trading
around $.13/lb lower,
with other London traded base metals trading lower as well. Stockpiles of
nickel store din LME approved warehouses fell on Friday and start the final
third of 2015 just under the 453,900 tonne level. Chinas manufacturing PMI
fell to 49.7 last month and markets already concerned about a slowdown in
China, are once again, heading for the exits today. Looks like the sell sign
is flashing across the board, so if you thought things were calming down,
you better tighten that seat belt. Volatility defined the end of August and
is laying claim to the beginning of September.
Average price of cash nickel so far this month - n/a
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
China's Stocks Extend Rout as Factory Data Adds to Economy Woes -
more
European shares fall after China manufacturing contraction -
more
El Niño strengthens but a warm Indian Ocean -
more
China's Import
and Export Results of Nickel in July 2015 - According to the foreign trade
statistics of China, the import and export results of nickel-containing products
in July 2015 are as per the table below. -
more
S&P cuts
metals price forecasts, to review miners' ratings - Standard & Poor's
warned on Monday it was likely to revise the credit ratings for some miners
over the next week after cutting its price forecasts for aluminium, copper,
zinc, nickel and gold and said it expected prices to remain volatile. -
more
China’s
Waning Appetite for Metals - Earlier this week the mining giant Antofagasta
announced in its first half report, that the company’s profits had fallen
by 48.6% when compared with the same period for 2014. -
more
New
Caledonian govt to hear nickel drivers' demands - The New Caledonian Government
is next week expected to consider demands made by protesting nickel carriers
last month. -
more
Courtesy AISI
- In the week ending August 29, 2015, domestic raw steel production was 1,703,000
net tons while the capability utilization rate was 71.2 percent. Production
was 1,930,000 net tons in the week ending August 29, 2014 while the capability
utilization then was 80.2 percent. The current week production represents
a 11.8 percent decrease from the same period in the previous year. Production
for the week ending August 29, 2015 is down 2.2 percent from the previous
week ending August 22, 2015 when production was 1,742000 net tons and the
rate of capability utilization was 72.9 percent.
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
"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 6:05 am CST today show 3 month nickel trading around $.15/lb
Reports
Commodity/Economic Comments
Supply cuts
required to see price improvement in nickel market: Deutsche Bank - Supply
cuts are required if the global nickel market is to see any sign of a meaningful
price improvement, Deutsche Bank said Tuesday in its fourth quarter commodity
update. -
Concerns
in New Caledonia over nickel price - There is concern in New Caledonia over
the slump in nickel prices and the sharp drop of the share value of Glencore,
which is a key stakeholder in the Koniambo nickel plant. -
Industrial
metals prices retreat on demand fears and oversupply - The macroeconomic
landscape in China is changing, with slowing economic growth. -
Decades of past and future service - Batteries are becoming ever more important
for the global goal of sustainability and nickel is playing its part. -
Morning Nickel
Price Statistics & Figures
. Indicators
at 6:15 am CST today show 3 month nickel trading around $.02/lb
Glencore
slumps 30 percent as debt fears grow - Shares in mining and trading company
Glencore fell almost 30 percent and closed at a record low on Monday over
concerns it is not doing enough to cut its debt to withstand a prolonged
fall in global metals prices. -
Nickel miner
acquires hi-tech gear - RAMU NiCo Management Ltd says the company has acquired
a technical remote operating vehicle to help the company conduct timely checks
on its project’s deep sea tailing placement disposal integrity. -
Glencore
to sell nickel project in Brazil - Glencore PLC has agreed to sell its Araguaia
nickel project in Brazil to Horizonte Minerals PLC for $8 million as part
of its plan to sell non-core assets to pay down debt. -
World
Nickel market records small deficit during Jan-July ‘15 - The global
nickel apparent demand slightly exceeded production during the initial
seven-month period of the year. The world nickel market ended in deficit
of 16,000 tons during January to July this year. -
Fishing,
mining bans seen hurting Indonesian economy - New regulations designed to
protect local marine resources and develop the country's mining industry
are harming the workers in those fields whom the government wished to help.
-
Adventurers
plan year in BWCA to protest copper-nickel mining - Two Minnesota adventurers
are preparing to head into the Boundary Waters Canoe Area Wilderness for
a full year. -
Zimasco
targets cost-effective chrome mining - Zimasco says there is need for extensive
exploration so more chrome ore bodies can be identified to enable cost-effective
mining of the thin chrome ore seams of the Great Dyke. -
Water situation
at Talvivaara threatens new mine operator - Terrafame, a state-owned
special-purpose company, is seeking a new ruling from the Administrative
Court of Vaasa on the drainage of waste water from the mine of Talvivaara
in Sotkamo. -
Poverty,
mining, violence #StopLumadKillings - The news, as expected, is rife with
government and military press releases, now informing the public that: “The
Philippine Army has formed a task force to hunt down a paramilitary group
blamed for the killing of an executive director of a school for lumads and
two lumad leaders in Lianga town, Surigao del Sur.” -
European
stainless steel surcharges slide again for October - October’s monthly
alloy surcharges on austenitic grades of stainless steel flat-rolled products
in Europe continue to slide in the face of continued weakness in nickel and
molybdenum prices, first mill announcements indicated Tuesday. -
KGHM puts
McCreedy West mine on care and maintenance - KGHM International of Toronto
says low metal prices are forcing it to put its McCreedy West nickel mine
on care and maintenance by Oct. 1, 2015. The mine is located near Sudbury.
-
Nickel imports
by China slump 60% as stainless industry slows - China’s imports of
refined nickel dropped to the lowest level in four months in August, underscoring
flagging demand as the stainless-steel industry slowed. -
Jindal Stainless
Ltd to shut down operations of ferro alloys unit at Kothavalasa - Due to
pending differences between Management and workers who have lately been resorting
to go-slow and other disruptive tactics, Management has decided to temporarily
shut down operations of the Ferro Alloys Unit at Kothavalasa in Vizianagaram
district, Andhra Pradesh and shift production of ferro chrome to more economical
Jajpur facilities. -
Bright
spot for Atlas Iron while nickel miners face closures - Western Australia's
mid-cap and junior miners have a serious case of white knuckles. While Atlas
Iron has found itself at a slight peak in the commodity price roller coaster
ripping through the sector, nickel producers in the state's Kambalda region
are languishing in a trough. -
We
are traveling the rest of the week, so our next update will be Monday, Sept
14th.
Norilsk
increases nickel deficit forecast for 2016 - Norilsk Nickel PJSC-the
world’s second largest producer of nickel has raised the nickel deficit
forecast for 2016 by additional 5,000 tons, on account of production cuts
by high cost producers and falling nickel prices. -
Ni SUS Scrap
Purchase Price in Sept Starts with JPY125,000 - 130,000 = Down by JPY13,000
- 18,000 from early last month due to continuous drop in LME Ni price = The
purchase price for nickel-containing stainless steel scrap (SABOT) by the
stainless steel mills in the Kanto area started with JPY125,000 - JPY130,000
per ton (delivered at factory), down by JPY13,000 - JPY18,000 from early
August.
-
Madagascar
considers taking stakes in mining projects, increasing royalty fees - Madagascar
plans to increase royalty fees and claim 10 percent stakes in mining concessions,
under proposed changes to its mining code, according to a draft document
seen by Reuters on Wednesday. -
