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page is archived news covering the period of September 2016
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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
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)
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
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)
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
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)
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
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)
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
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)
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
(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)
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
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)
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
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)
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
(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)
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
(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)
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
(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
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)
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
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)
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
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)
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
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)
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
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
“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)
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
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)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply news and information free
of charge.Contact
us
"A Guide To LME
Trading"...pdf here(all ton listings are metric
tons = 2204.622 pounds ) Updated Monday thru Thursday before 8 am CST -
DisclaimerOriginal content and opinions copyright
www.estainlesssteel.com. All prices shown on this page
are indications only. Note - For real time and official LME prices, LME requires
a user subscribe to an authorized LME vendor.
Daily
Nickel/Stainless Steel Briefing
(8:00 AM CST is 1PM in London)
. Indicators
at 5:45 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.
Reports
Commodity/Economic Comments
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. -
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. -
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. -
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. -
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". -
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. -
Morning Nickel
Price Statistics & Figures
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.
-
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. -
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. -
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. -
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. -
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. -
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.
-
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. -
. 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.
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. -
