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

Stainless Steel News and Nickel Prices

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Daily Nickel Market News & Stainless Steel Prices

Nickel Prices and Stainless Steel Bolts

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Thursday, September 29

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.85/lb . Indicators at 5:45 am CST today show 3 month nickel trading around $.02/lb lower. Stockpiles of nickel stored in LME approved warehouses rose for a second consecutive session on Wednesday and now total just under the 362,450 tonne level. Market is quiet as traders digest the news from the week, with tin and zinc catching much of the attention. Our next update will be Monday, October 3rd. Have a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $4.61/lb
  • Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Lead rises to 16-month high on tighter supply, nickel slips - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Stocks Jump as OPEC Splits Markets; Indian Assets Drop on Attack - more

    Mining lobby: DENR suspension pronouncements premature - The country’s big mining lobby on Wednesday lamented the Department of Environment and Natural Resources’ reckless public pronouncement on the results of the mine audit, despite the premature results of its findings. - more

  • Suspended Pichay firm allowed to sell nickel to China; suit vs gov’t eyed - more

    Canadian miner's affiliate holds off Philippine IPO plan as mine faces suspension - A Philippine nickel miner, partly owned by Canada's TVI Pacific Inc, said it has put on hold a plan to list on the local stock exchange after the government said its mine may be suspended for environmental violations. - more

    Construction of CODELCO's New Roaster for Molybdenum Completed = Loan from JBIC is used for purpose of long-term deal with Japanese 8 steel mills = The molybdenum roaster Corporation Nacional del Cobre de Chile (CODELCO) newly constructed in the city of Mejillones started operation in late September. - more

    French Mining Company In Trouble - Bailout, Whatever It Takes - Eramet SA is, after Vallourec , an additional French company that looks kind of interesting. Of course, it is another distressed story with event-driven character that appears on my screen with non-negligible risks. - more

    The Life of Ni - The life of Ni is a handy reference for anyone interested in nickel, its origins, uses and life cycle. This 20-page publication provides a concise and highly visual presentation of global nickel facts and figures and reveals where and how much nickel is mined, produced and used, available nickel resources, and how it is recycled. - more

    Clive Palmer's legal challenge over Queensland Nickel an 'affront to justice' - A Supreme Court judge has dismissed a legal challenge by Clive Palmer, saying that if it went ahead, it would be an "affront to justice". - more

    Northern exposure: Manitoba's northern economy facing serious challenges - It's a long drive, twisting through seemingly endless forest, past lakes, down a long two-lane highway that alternates between patches of broken pavement and gravel. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Wednesday, September 28

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.82/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.02/lb higher. Stockpiles of nickel stored in LME approved warehouses rose slightly on Tuesday and totals remain above just over the 361,850 tonne level. Traders moved nickel higher yesterday after the Philippine mine suspension news was released - but now they are trying to decide exactly how much and how quickly the news will affect the industry. It wasn't that long ago when the Philippine nickel industry was irrelevant, but the creation of the so called 'pig nickel' industry in China and the ban of raw ore from Indonesia cast the Philippines into the main spotlight. Now, as a little over 50% of the Philippine nickel production has been halted, it is being announced that the Indonesia nickel industry is climbing back in the ring with smelters open and the ban under review.  
  • Average price of cash nickel so far this month - $4.58/lb
  • Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Nickel holds near 7-week high as Philippine mine crackdown deepens - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  •  Societe Generale sees the average nickel price at $9,500 per tonne in 2016, and $11,500 per tonne in 2017
  • Stocks Rally as Deutsche Bank Slump Ends, Oil Gains Before Talks - more

    Nickel market convulsed by Philippines suspensions threat - The Philippines said three-quarters of its mines fell short in an audit of the top nickel producer, with 20 mines facing suspension unless they can respond to shortcomings within days, on top of the 10 already halted. - more

    The next mining boom will come from foreign policy - Forget urbanisation and economic growth, the sharpest movements in commodity prices in recent times have been driven by one thing: sudden changes in government policy. - more

    MMG offloads mothballed Avebury nickel mine - Metals miner MMG has executed a share sales agreement to divest of its idled Avebury nickel mine, in Tasmania, in a deal valued at A$25-million. - more

  • Tasmanian nickel mine deal raises hopes of restart and new jobs - more

    Are South32 Ltd and Western Areas Ltd about to ride a surging nickel price? - A number of Australian miners including South32 Ltd, Western Areas Ltd, and Independence Group NL received a huge lift yesterday when nickel prices climbed to a seven-week high of $US10,900 a tonne. - more

    LME confirms plan to freeze warehouse rental rates for five years - The London Metal Exchange (LME) adopted the final reform on Wednesday to its global network of approved warehouses by freezing maximum rental rates for five years to curb surging costs. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Tuesday, September 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 6:00 am CST today show 3 month nickel trading around $.06/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Monday and now totals just over the 361,850 tonne level. Only one in four Philippine mines are left open after DENR Secretary Regina Lopez dropped the hammer on the industry. According to the Undersecretary, 18 of the mines closed are nickel producers, that accounted for 55-1/2% of that country's 2015 nickel production. Nickel is trading higher this morning on these developements. For you technical traders, nickel charts are showing what come call a double bottom - cup with handles, a bullish signal. The S&P Global Platts China Steel Sentiment Index jumped for September.
  • Average price of cash nickel so far this month - $4.56/lb
  • Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Nickel rebounds as Philippines suspends 20 more mines - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Strong negative Indian Ocean Dipole continues to dominate - more
  • Self Repairing for Lasting Value video - here
  • European Stocks Drop, Oil Slides as Clinton Rally Is Short Lived - more

    Nickel Caught Between Shifting Indonesian and Philippine Supply Trends: Andy Home - Indonesia shocked the nickel market at the start of 2014 when it made good on a commitment to ban all exports of unprocessed minerals. - more

    Philippines to suspend 20 more mines, boosting nickel price - The Philippines has ordered the suspension of 20 more mines for environmental violations, as the world's top supplier of nickel ore vowed to pursue stricter standards than in global mining centres such as Canada and Australia. - more

  • Global Nickel Market Convulsed as Top Shipper Sees Mine Failings - more

    China's Economy Shows Fresh Signs of Strength - China’s economy is showing fresh signs of strength, from increased business confidence to an expansionary factory gauge reading, according to the earliest private indicators for September. - more

    New Caledonia's Koniambo plant plans job cuts - Job losses are looming in New Caledonia's nickel processing sector as the slump in the price of the commodity bites. - more

    Courtesy AISI - In the week ending September 24, 2016, domestic raw steel production was 1,605,000 net tons while the capability utilization rate was 68.6 percent. Production was 1,687,000 net tons in the week ending September 24, 2015 while the capability utilization then was 70.5 percent. The current week production represents a 4.9 percent decrease from the same period in the previous year. Production for the week ending September 24, 2016 is down 1.7percent from the previous week ending September 17, 2016 when production was 1,632,000 net tons and the rate of capability utilization was 69.8 percent. - source

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Monday, September 26

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.84/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.05/lb lower. Stockpiles of nickel stored in LME approved warehouses fell both Thursday and Friday and start the week just over the 362,350 tonne level. The result from the mining audit in the Philippines is too be announced tomorrow, with a dozen more mines expected to be shut down. Danske Bank commodities analyst Jens Pedersen is reporting "On one hand you have the relatively weak demand that is weighing on prices, but you also have mining sector consolidation that is adding some more fundamental support.". So far, eight nickel mines have been closed as part of the new Philippine government purge, and that number could double tomorrow. And Indonesia is back in the news as mines there are concerned about a lack of power needed to build smelters, and worried the government there might back track on its ore export ban.  
  • Average price of cash nickel so far this month - $4.57/lb
  • Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Nickel slips from six-week high - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Stocks Drop on Bank, Commodity Company Woes; Turkish Lira Falls - more
  • World stocks get the jitters as U.S. presidential debate looms - more

    Nickel falls as Citi sees Philippines audit 'underwhelming' - Nickel led metals lower, retreating from its biggest weekly gain in almost three months, after Citigroup Inc said it expects fourth-quarter price declines and an "underwhelming" impact from the Philippines' mines audit due to be released this week. - more

    Lack of Power Plants Hampers Smelter Development - Raden Sukhyar, chairman of the Indonesian Smelter and Mineral Processing Association, said electricity is the main obstacle that miners are facing in building smelters. - more

    Policy Flip-Flop? Indonesia Nickel Smelter Investors Fret Over Possible Rule Changes - Indonesian nickel smelter investors fear the government of President Joko Widodo will change rules that have supported prices of the metal, and put up to $12 billion in its budding smelting and mineral processing industry at risk. - more

    August 2016 crude steel production - World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 134.1 million tonnes (Mt) in August 2016, 1.9% up on August 2015. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Thursday, September 22

  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 $.06/lb higher. Stockpiles of nickel stored in LME approved warehouses rose on Wednesday and now total just over the 364,900 tonne level. The Fed surprised no one with its decision to continue the nearly non existent interest rate in the US, and this has hurt the US Dollar, which in turn, is helping make base metals worth more. The carefully worded statement of the two day meeting reassured traders that improvements in the economy had been noted - have confidence market, even if we don't show it - but we are waiting for more evidence of a continued recovery - but have confidence market, even if we don't show it. One thing is for sure. Actions speak louder than words and eight years after the great recession began, the US Fed shows it has little faith in the recovery even if the rest of the world is much more confident. This is our last update for the week, so we wish each of you a safe and enjoyable weekend and invite you back next week.
  • Average price of cash nickel so far this month - $4.54/lb
  • Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper hits five-week high, gloomy demand outlook caps gains - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Party-On Is Global Markets’ Takeaway From Fed as Dollar Weakens - more

    London nickel hits 6-week top on threat of Philippine mine suspensions - London nickel jumped on Thursday to its highest in six weeks as investors bet that mine suspensions in the Philippines will crimp supply to China and after China imported more metal. - more

    DENR: ‘More than half’ of PH miners could be suspended - More than half of the operating mines in the country could be suspended, the Department of Environment and Natural Resources (DENR) said on Wednesday as the mining audit revealed major environmental violations and social development lapses. - more

    Behind China’s steel curtain: How a heavy metal merger might stave off a trade war - China has been shoveling excess amounts of steel onto global markets, playing a major role in driving down global prices and rankling American producers and government officials. - more

    Clive Palmer's Brisbane HQ up for sale, agent seeking bids around $20 million - In the wake of the collapse of Clive Palmer's Queensland Nickel (QNI) refinery, the billionaire businessman has put his Brisbane headquarters Mineralogy House up for sale to the highest bidder. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Wednesday, September 21

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.68/lb . Indicators at 5:45 am CST today show 3 month nickel trading around $.02/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and now total just under the 364,800 tonne level. Philippines mines minister Regina Lopez has recommended the closure of twelve more mines, most of them nickel. More details are due next Monday. So far the market doesn't seem to know how to take the news, although we don't expect the news has been completely priced in yet. Glencore expects the price of nickel to rise over the next few years as demand exceeds supply.
  • Average price of cash nickel so far this month - $4.53/lb
  • Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper below 4-wk high ahead of central bank calls - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (Reuters) China has boosted its imports of nickel ore, with stockpiles at ports standing at more than 1.5 million tonnes, the highest since last October. Independent technical analyst Cliff Green said losses in LME nickel since touching a peak of $11,030 on Aug. 10 were a temporary correction."This looks to be close to running its course and hence I expect values to improve once again in the days and weeks ahead," he told the Reuters Global Base Metals Forum.
  • Salary of BHP CEO cut in half after Brazil mine disaster - more
  • BOJ Shifts Policy Framework to Targeting Japan’s Yield Curve - more

    Nickel Mines Bear Brunt as Top Shipper Intensifies Crackdown - The Philippines has deepened a crackdown on its mining industry as the world’s top nickel shipper announced it will suspend more than 10 mines in addition to 10 halts already made, saying it wants to surpass Canadian and Australian standards. Nickel producers bore the brunt. - more

   Glencore Sees Nickel Price Rising on Global Supply Shortage - Glencore Plc, the commodities trader and miner, expects nickel prices to climb through 2018 as demand outstrips supply, assuming Indonesia continues its policy of curbing ore exports and encouraging local processing. - more

    Nickel may begin to lose its appeal after a stellar run in 2016 - Nickel prices have surged nearly 12 per cent in the ongoing calendar year till September 20. From being the worst performer in 2015 (42 percent down) to being second best performer in 2016, Nickel has come a long way. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Tuesday, September 20

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.60/lb . Indicators at 5:30 am CST today show 3 month nickel trading around $.01/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Monday and now total just under the 365,800 tonne level. Nickel jumped off monthly lows yesterday, as China returned to work and the market awaited news from the Philippines about more potential mine closings. Expect the volatility to continue as the US Fed and Bank of Japan begin meetings today.
  • Average price of cash nickel so far this month - $4.52/lb
  • Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper steadies on dollar, brighter China outlook - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Dollar Drops, Bonds Jump as Clock Ticks Toward BOJ, Fed Verdicts - more

    Nickel Advances on Supply Concerns as Mining Shares Surge - Nickel jumped the most in two months after the Philippines said it may suspend more mines as part of a nationwide audit that’s due for release this week. Glencore Plc and other mining shares also advanced. - more

    Nickel Supply Seen Rising From Indonesia as Smelters Fire Up - Nickel supply from Indonesia is set to surge next year as companies ramp up output of processed metal, according to the head of a local industry group, who said producers have made good progress building smelting capacity after ore shipments were banned. - more

    Courtesy AISI - In the week ending September 17, 2016, domestic raw steel production was 1,632,000 net tons while the capability utilization rate was 69.8 percent. Production was 1,687,000 net tons in the week ending September 17, 2015 while the capability utilization then was 70.5 percent. The current week production represents a 3.3 percent decrease from the same period in the previous year. Production for the week ending September 17, 2016 is up 0.4 percent from the previous week ending September 10, 2016 when production was 1,626,000 net tons and the rate of capability utilization was 69.5 percent. - source

    New study shows nickel graphene can be tuned for optimal fracture strength - In a new computational study published in the Journal of The Minerals, Metals & Materials Society, University of Arkansas engineering researchers found that nanocomposites composed of layers of nickel and graphene—a promising new material for flexible electronics devices—can be tuned for optimal fracture strength by manipulating the structural arrangement of the graphene sheets. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Monday, September 19

  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 6:00 am CST today show 3 month nickel trading around $.08/lb higher. Stockpiles of nickel stored in LME approved warehouses fell Thursday and Friday and now totals just over the 366,850 tonne level. Base metals could trade volatile this week with the US Fed meeting on interest rates and a decision on the fate of active mines in the Philippines due to be announced.
  • Average price of cash nickel so far this month - $4.53/lb
  • Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper falls, nickel jumps as China returns from holiday - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Reuters - Russian mining giant Norilsk Nickel said it expected nickel prices to rise to about $10,000 a tonne by year-end and to flatten out around that level through 2017.
  • Stocks Rally as Crude Rebounds; Dollar Slides Before Fed Meeting - more

    Gov't may suspend at least 10 more mines under crackdown - The Philippines could suspend at least 10 more mines under an environmental crackdown on the sector, the minister in charge of mining said, in a move that threatens to halt the operations of half the mines in the world's top supplier of nickel ore. - more

    Stainless Steel Mills to Limit Export of Austenitic Stainless Sheets - Demand for hot-rolled (HR) austenitic stainless steel coils is growing in the Asian region. Inquiries of HR coils are increasing, and the Japanese mills are in a state to be unable to cope sufficiently with those inquiries. - more

    Clive Palmer loses bid to halt Queensland Nickel examination in Federal Court - Clive Palmer has failed in his latest bid to disrupt proceedings in his Federal Court examination over the collapse of the Queensland Nickel refinery. - more

  • Clive Palmer says sore foot his 'top priority' as Queensland Nickel collapse unfolded - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Thursday, September 15

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.46/lb . Indicators at 5:45 am CST today show 3 month nickel trading around $.01/lb higher. Stockpiles of nickel stored in LME approved warehouses fell slightly on Wednesday and total numbers remain just over the 367,800 tonne level. The Philippines put off announcing the results of their recent mine audits until next Thursday. Central American media reports the Dominican Republican nickel mine, Falcondo, has reopened under new ownership. China is closed for the rest of the week for their annual Mid Autumn Festival. This is our final update for the week so we wish our readers a safe and relaxing weekend and invite you back Monday.
  • Average price of cash nickel so far this month - $4.55/lb
  • Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper drifts with China market on holiday - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (BN Americas) Americano Nickel restarts operations at the Falcondo nickel mine in the Dominican Republic.
  • London copper flat as China market heads off on holidays - more
  • Stocks Rise, Bonds Fall as Investors Seek Clues on U.S. Growth - more

    Philippines delays release of mining audit outcome - The Philippine government will release the results of a review of the operations of the country's 40 metallic mines on Sept. 22 instead of this week, the mining minister said on Thursday. - more

    Manufacturing Contracts in August - Economic activity in the manufacturing sector contracted in August following five consecutive months of expansion, reports the Institute for Supply Management, Tempe, Ariz. - more

    Nickel expansion boost to ailing Ravensthorpe - First Quantum Minerals has applied to the Environmental Protection Authority to expand its Ravensthorpe nickel operations, boosting hopes the south coast town will avoid a repeat of the 2009 debacle when previous owner BHP Billiton shut it down. - more

    Clive Palmer alleges 'corruption at its highest level', denies insolvent trading - Clive Palmer's Federal Court grilling has turned to the key issue of insolvent trading, a concept the self-declared billionaire businessman had "read about" in books and the Australian Financial Review. - more

    China’s ‘Supply Side’ Is a Far Cry From Reagan’s - To understand policymaking in China, pay attention to the buzz phrases. The country’s favorite economic slogan, “supply-side structural reform,” just got its most international exposure so far, at the Group of 20 summit in Hangzhou. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Wednesday, September 14

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.47/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.03/lb higher. Stockpiles of nickel stored in LME approved warehouses rose on Tuesday and now total just over the 367,800 tonne level. Philippines DENR Secretary Gina Lopez told local reporters we should learn Thursday how many of that countries operating mines will join the list of those she has already closed. Nickel prices have been caught up in the general commodity rout the last few days, but showing signs of some stability so far today.  
  • Average price of cash nickel so far this month - $4.56/lb
  • Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper nudges up on brighter demand signals ahead of China holiday - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (Reuters) Royal Nickel Corp says business name change to RNC Minerals
  • Stocks Selloff Abates in Europe as Commodities Gains Lift Miners - more

    Nickel Leads Drop in Metals as Crude Oil Slide Saps Commodities - Nickel capped its biggest two-day drop in a month, leading declines in industrial metals, as a decline in crude oil dragged down commodities and equities. - more

    Prices of CR Austenitic Stainless Sheets for Asia Reach $2,000 CFR Level - Japan's export prices of cold-rolled (CR) austenitic stainless steel sheets for Asia have reached the level of $2,000 CFR for shipments of October and November. - more

    More mining firms face suspension – DENR - The Department of Environment and Natural Resources (DENR) warned more mining firms would face suspension following the end of a month-long audit on the industry. - more

    Twin Metals sues U.S., claiming it's entitled to mine near the Boundary Waters - Ever since copper deposits were found in northeast Minnesota in the 1940s, mining companies have been trying to get their hands on them. - more

    Norilsk's 1942 nickel plant gone but far from forgotten: Andy Home - Norilsk Nickel, or Nornik as it has just rebranded itself, has just completed the decommissioning of the nickel refining plant in its far-flung Polar operations in the Arctic north of Siberia. - more

  • Russia's Red River Another Sad Chapter for One of the Most Polluted Cities on Earth - more

    Nickel discovery in Nigeria “extraordinary” – Australian Mining firm - The abundance of native nickel balls recently discovered in Nigeria is “an extraordinary occurrence in a style not known to have been previously documented”, Comet, a private mining syndicate headed by veteran Australian miner, Hugh Morgan, has said. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Tuesday, September 13

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.58/lb . Indicators at 6:00 am CST today show 3 month nickel trading flat . Stockpiles of nickel stored in LME approved warehouses fell slightly on Monday and now total just under the 367,750 tonne level. Nothing out of the Philippines yet, with more nickel mine closures expected to be announced by the new Environmental Minister. Traders were reassured yesterday that the Fed doesn't dare increase interest rates as long as the market holds a gun to their head, and Friday's steep fall was followed by a nice Monday bounce. The Fed is in a Catch 22, and this morning futures are lower as traders wonder why the Fed doesn't have enough faith in the economy to raise interest rates. Damned if you do, damned if you don't. US Commerce Department makes an initial finding that Chinese producers are dumping stainless steel sheet and strip into the US.
  • Average price of cash nickel so far this month - $4.57/lb
  • Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper holds above 12-wk low on China data, as rate hike jitters subside - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • (Reuters) China's crude steel output rose 3 percent to 68.57 million tonnes in August from a year ago, data from the National Bureau of Statistics showed on Tuesday, the latest sign that a rally in prices spurred mills in the world's top producer to ramp up.
  • The U.S. Steel Market Needs Free Trade, Not Favoritism - more
  • Self Repairing for Lasting Value video - here
  • China's economy perks up in August, thanks to housing boom, gov't spending - more
  • Negative Indian Ocean Dipole dominates Australian climate - more

    World’s Largest Nickel Company Admits It Turned Russian River Blood Red - The world’s largest nickel manufacturer, Norilsk Nickel, said it was responsible for turning a river in the Siberian town of Norilsk into a lurid shade of red last week. - more

    Chinese steel being dumped in US: Commerce Department. - The U.S. Commerce Department said it had made a preliminary finding that imports of stainless steel sheet and strip from China are being dumped in the U.S. market at below fair value. - more

    Twin Metals sues over mineral leases near Boundary Waters - The mining company that wants to build a nearly $3 billion underground copper-nickel mine near Ely is suing the federal government to try to keep its federal mineral leases to keep the controversial project moving forward. - more

    Clive Palmer grilled over warning nephew not to email about Queensland Nickel - Clive Palmer warned his nephew and Queensland Nickel managing director Clive Mensink to stop contacting him by email or it would “fuck everything” weeks before the company collapsed. - more

    Courtesy AISI - In the week ending September 10, 2016, domestic raw steel production was 1,626,000 net tons while the capability utilization rate was 69.5 percent. Production was 1,687,000 net tons in the week ending September 10, 2015 while the capability utilization then was 70.5 percent. The current week production represents a 3.6 percent decrease from the same period in the previous year. Production for the week ending September 10, 2016 is down 1.8 percent from the previous week ending September 3, 2016 when production was 1,656,000 net tons and the rate of capability utilization was 70.8 percent. - source

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Monday, September 12

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.70/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.12/lb lower. Stockpiles of nickel stored in LME approved warehouses rose on Thursday and fell on Friday and now total just over the 367,75- tonne level. The US Fed doesn't meet for a few weeks yet, but the speculation and fears about a possible increase in interest rates, has some traders bailing. Nickel saw solid gains last week on speculation more Philippine nickel mine closures will be announced later this week, but even those worries are being overshadowed by the rate increase concerns and nickel is down sharply this morning.  
  • Average price of cash nickel so far this month - $4.57/lb
  • Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper hits lowest in more than two months on risk aversion - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Global Selloff Threatens to Spiral as Central Banks Angst Builds - more
  • Industrial Metals Follow Stocks Lower on Fed, Stimulus Concerns - more

    Here Is Why Nickel Prices are Due for a Rebound and How to Profit - Like most other commodities, nickel prices have been struggling, especially when compared with the all-time highs reached 10 years ago. - more

    Stainless steel firms urge Govt to hike import duty to 12.5% - Reeling under an onslaught of cheap imports, domestic stainless steel industry has urged the Government to raise the import duty on such products to 12.5 per cent. - more

    Nickel mine blamed as Russian river turns blood red - A small river in the northern part of Siberia has turned blood red, raising the eyebrows of the local citizens and infuriating environment activists. - more

    Governments 'determined to put Queensland Nickel out of business': Palmer - Clive Palmer warned his nephew not to "cover his arse" or he would "f--- everything" in an email sent as Queensland Nickel plunged further into financial trouble late last year. - more

  • Clive Palmer's bravura court appearance: like nailing jelly to a wall  - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Thursday, September 8

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.63/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.01/lb higher. Stockpiles of nickel stored in LME approved warehouses rose on Wednesday and now total just over teh 367,850 tonne level. Market is still waiting word from the Philippines abot more potential mine closures. Mining Weekly reporting Indonesia may be getting ready to loosen their export laws on unprocessed ore. And Norilsk has apparently sprung a leak and turned a entire river bright red.
  • Average price of cash nickel so far this month - $4.52/lb
  • Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper hovers near 2-wk high; China data in focus - more

  Reports

  • Nickel Magazine - Current Issue - more
  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • European Stocks Rise With Spanish Bonds Before ECB; Oil Rallies - more
  • China Aug imports rise for first time in nearly 2 years as demand picks up - more

    PT Antam welcomes export changes in Indonesia – Diversified miner PT Antam has welcomed plans by the Indonesian government to relax mineral export constraints. - more

    Investigation ordered as Russian river turns red - Pipeline is feared to have broken in Arctic city of Norilsk, where Daldykan river runs close to nickel-producing factory - more

  • Russian River Turns Disturbingly Red Due to Nickel Waste Pollution - more

    Do Philippines Threats Show A Superspike Next Week For Nickel? - Things are about to get very serious in the world’s top nickel-producing nation. - more

    Hanwa to Make Additional Investment in Ni Pig Iron Plant in Indonesia = To participate in third-stage project, and annual production volume is 60,000 tons in pure Ni equivalent = On September 1, Hanwa Co., Ltd. announced that it decided to make a partial investment in the nickel pig iron plant in Indonesia led by Tsingshan Steel Group, a major stainless steel mill in China, and finished the procedures. - more

    Major mining assets change hands after commodity rout - Large mining companies are selling off prized assets after the prolonged global commodities markets rout left some with high levels of debt. - more

    Unusual Nigerian nickel find excites Morgan - Former Western Mining Corporation boss Hugh Morgan says a small starter mine could be up within a year at a unique Nigerian find that is shaping as one of the most significant nickel global discoveries in decades. - more

    Former Queensland Nickel director Ian Ferguson borrowed $500,000 from company, court told - A former Queensland Nickel director borrowed $500,000 from the company, the Federal Court in Brisbane has heard. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Wednesday, September 7

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.59/lb . Indicators at 5:50 am CST today show 3 month nickel trading around $.01/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and now total just over the 367,750 tonne level. Market is waiting word from the Philippines Environment and Natural Resources Secretary Regina Lopez on more possible nickel mine closures. Earlier announced closures have boosted nickel prices, although the bull run it caused, has since cooled.
  • Average price of cash nickel so far this month - $4.51/lb
  • Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper hits 2-wk high as US data drags on dollar - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • World stocks hit one-year highs as Fed hike prospects fade - more

    Why it’s time for nickel prices to make a comeback - Like almost every other commodity, nickel prices have been in the doldrums after reaching spectacular highs 10 years ago. But after being down for so long, nickel is due for a comeback. - more

    Nickel rally cooling down after pick-up in Indonesian ferronickel supply - From being the worst performer with a 42 per cent loss in 2015 to being the second best in 2016 (YTD), nickel has come a long way. The silvery white metal has gained around 14 per cent (y-t-d), being second only to zinc. - more

    Former Queensland Nickel executive invoiced company for other work done for Clive Palmer - A former managing director of Queensland Nickel invoiced the company for other work he carried out for his friend Clive Palmer, the Federal Court has been told. - more

  • Former Queensland Nickel manager told court he didn’t know how refinery operated - more

    Northern cities chasing Noront’s ferrochrome smelter - Four Northern Ontario cities have put the word in with Noront Resources that they would entertain being the host community for a ferrochrome smelter. - more

    Detection of chloride corrosion in offshore stainless steel pipework - Offshore stainless steel pipes are subjected to potential chloride corrosion due to the high salt content in the atmosphere. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Tuesday, September 6

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.57/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.03/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Friday and rose on Monday and now total just under the 367,900 tonne level. The nickel market is getting support form an announcement that the Philippine environmental review is complete and more mines will be closed this week. With nickel miners bearing the brunt of the closures so far, traders are gambling more nickel mines are on the list.
  • Average price of cash nickel so far this month -
  • Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper firms on signs of tentative demand pick-up - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Emerging Markets Gain With Rand, Aussie in Hunt for High Yields - more

    Surging China stainless steel output may reverse recent nickel slump - A surprise jump in stainless steel production this year in China, the world's biggest nickel user, may reignite a rally in nickel prices as investors shift focus to demand from worries over Philippine supply. - more

    Philippines to suspend more mines as environmental review ends - The Philippines will suspend more of the country's mines for violating environmental regulations after already halting operations at 10 sites, the mining minister said on Monday, as the government wrapped up a seven-week review. - more

  • D-Day Looms for Nickel Market as Top Shipper Checks on Mines - more
  • Nickel ore shipments from PH seen cut 30% - more
  • Pichay: DENR'S Lopez 'crazy' for anti-mining stance - more
  • ‘Special treatment’ of Pichay firm hit - more
  • “We have had mining for over 100 years … and until now we don’t even have one rehabilitated mine site” - more

    Clive Palmer had active role in Queensland Nickel finances despite quitting as director, court hears - Queensland Nickel's former chief financial officer, Daren Wolfe, has told Brisbane's Federal Court all expenses over $10,000 had to be approved by Clive Palmer, even after he quit as a director. - more

    Africa: China and the New Scramble for Africa - Decades after European powers parcelled out Africa for their own imperial needs, the continent is once again at the centre of a struggle for influence among emerging and economically advanced powers jostling for a strategic opportunity to exploit resources. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Thursday, September 1

  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 5:50 am CST today show 3 month nickel trading around $.04/lb higher. Stockpiles of nickel stored in LME approved warehouses slipped below the 400,000 tonne level for the first time since December 2014. Levels now total just over the 370,100 tonne level. Two thirds of 2016 is now history. The Chinese official manufacturing PMI returned to positive territory in August, with a reading of 50.4 being reported this morning by government officials. Traders aren't rushing to the buying table, but interest has been peaked. This is our last update for the week and with Monday being a holiday in the US, our next update will be Tuesday. Have a safe and relaxing weekend.
  • Average price of cash nickel so far this month -
  • Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - LME zinc, lead, tin, hit 2016 peaks as China factories brighten - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Stocks Rise With Industrial Metals on Economic Data, Pound Jumps - more

    MEPS Predicts Modest Upturn in Global Stainless Steel Prices - The MEPS world average stainless steel price is expected to extend its slow recovery due to rising raw material costs and local supply tightness in several regions. - more

    PH mining stance to disrupt global nickel market - The government’s moves against irresponsible mining is likely to disrupt the global nickel market, mainly by forcing the movement of stocks in warehouses and benefit suppliers in other parts of the world. - more

  • More foreign investors express interest in nickel mining in Philippines - more

     Krasnoyarsk shipyard launches bunkering tanker for Norilsk Nickel (photo) - Krasnoyarsk shipyard (subsidiary of Yenisei River Shipping Company) has launched self-propelled bunkering tanker ordered by Norilsk Nickel, says press center of YRSC. - more

    Why nickel won’t save Nigeria economy by Samuel George - The news emerged on August 29, Monday that a private mining syndicate headed by a mining industry veteran, Hugh Morgan has discovered a rare mineral resource in the north-west state of Kaduna. Many Nigerians believe that it could be the solution to country’s problems. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

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