9-30 |
LME nickel ends the day at $6.13/lb.
* LME nickel inventories gained 192 tons to total 12,720. |
|
|
|
|
9-29 |
LME nickel ended the day at $6.12/lb.
* LME inventories continue to grow quickly, adding 474 tons
to total 12,528 tons. |
|
|
|
|
9-28 |
LME nickel ended the day at $6.10/lb.
* LME nickel inventories gained 126 tons to total 12,054 tons. |
|
|
|
|
9-27 |
LME nickel ends the day at $6.08/lb.
* Interesting article from Metals Insider about the state of
the nickel market
here
* LME nickel inventories gained another 384 tons on Monday to
total 11,928 tons. |
|
|
|
|
9-26 |
LME nickel ends the day at $6.25/lb.
* LME nickel inventories gained 462 tons to total 11,544 tons
Friday |
|
|
|
|
9-23 |
LME nickel closed at $6.19/lb, with Triland
Metals predicting prices to go higher.
* The China Non Ferrous Metals Journal announces China will
become the world's largest producer of stainless steel in 2006.
* Inventories of nickel on the LME lost12 tons yesterday to
total 11,082 tons. |
|
|
|
|
9-22 |
LME nickel ended the day at Tuesday's
level...$6.11/lb.
* LME nickel inventories of nickel dropped 12 tons yesterday
to total 11,094 tons. |
|
|
|
|
9-21 |
LME nickel ended the day at $6.15/lb.
* An additonal 54 tons brings LME nickel invetories to 11,106
tons. |
|
|
|
|
9-20
 |
Nickel backed off a tad today, closing at
$6.11/lb.
* ISSF reports world stainless steel production grew 5.5% during
first half of 2005 compared to same period last year. Big gainers were China
at +54%, and India +10%. Most other regions of the world saw declines.
* LME nickel inventories crossed the the 11M ton threshold with
a 276 ton gain, totaling 11,052 tons. |
|
|
|
|
9-19 |
Nickel pushed back over the $6/lb range, ending at
$6.13/lb.
* LME nickel inventories gained 72 tons Friday to total 10,776 tons. |
|
|
|
|
9-16 |
LME nickel bucked the downward trend of other metals and ended the day
at $5.97/lb.
* Inco's Voisey Bay produces its first nickel concentrate Thursday.
The new mine, with expected costs of less than a dollar a pound, will help
bring Inco's overall average cost of nickel production of all its mines,
down to around $2/lb.
* Nickel stocks on the LME increases by another 324 tons to
put the total at 10,704 tons. |
|
|
|
|
9-15 |
Can you say heavy fund liquidation? LME nickel closed at
$5.90/lb today, down 7% in one day.
* LME nickel inventories continue to increase, adding 186 tons
to now total 10,380 tons. |
|
|
|
|
9-14 |
LME nickel ends the day at $6.34/lb.
* LME nickel inventories continue to rise, adding 120 tons to
total 10,194 tons. |
|
|
|
|
9-13 |
LME nickel ended the day at $6.50/lb.
* Moly on the rise again - bad news for 316 Stainless Steel users.
* LME inventory gained 300 tons yesterday, taking on hand inventory
to 10,074 tons, the first time over 10M tons in a very long time. |
|
|
|
|
9-12 |
LME nickel ended the day at $6.60/lb.
* Inco announces tentative agreement with union at Thompson
mining and processing complex in Manitoba, Canada.
* LME nickel inventories gained 242 tons Friday to total 9,774
tons. |
|
|
|
|
9-9 |
LME nickel ends the week at $6.51/lb.
* Molybdenum is back up.
* Much of the last 2 days of gain were erased Thursday when
LME nickel inventories fell 426 tons to 9,522 tons. |
|
|
|
|
9-8 |
LME nickel closed at $6.54/lb.
* Nickel inventories on the LME neared the 10M mark with an
addtional 198 tons bringing total stock to 9,948 tons. |
|
|
|
|
9-7 |
Bears maintain control and LME nickel closes at
$6.57/lb.
* LME nickel inventories took a huge jump yesterday with the
addition of 618 tons, taking the total to 9,750 tons. |
|
|
|
|
9-6 |
The bears had the market today, and nickel fell with the rest closing
at $6.72/lb.
* The popularity of flat panel TV's is hurting nickel sales.
Nickel alloy is used by CRT TV's to produce shadow masks, but ot used in
flat screen's.
* Inventories of nickel fell 42 tons on Monday to total 9,132
tons.
* LME nickel closed at $6.87/lb Monday, while US was on Labor
Day break. |
|
|
|
|
9-2 |
* A second day of withdrawals shows LME nickel inventories
fell 264 tons to 9,258 tons. |
|
|
|
|
9-1 |
LME nickel closed up at $6.84/lb.
* For the first time in a week, LME nickel inventories fell
by 192 tons to start today at 9,522 tons. |
|
|
|
|
|
|
Nickel (average annual price) |
Molybdenum (average annual price) |
| 2001 |
$2.70/lb |
$2.36/lb |
| 2002 |
$3.07/lb |
$3.59/lb |
| 2003 |
$4.37/lb |
$5.21/lb |
| 2004 |
$6.28/lb |
$18.00/lb (approx) |
| Today |
$7.27/lb |
$38.50/lb |
|
|
 |
|
|
|
|
|