Continued from Part One. As the FT report says, just this year the Australian dollar is up nearly 6 percent against the US dollar since the start of January, and BHP Billiton, not usually thought of as a high-cost producer, announced last week that it would temporarily cut production at its Mount Keith nickel mine [...]
Commodity demand, namely for industrial metals such as copper and nickel, and their corresponding prices, has finally pushed Rio Tinto, HudBay Minerals and other companies to begin resurrecting long-slumbering mines, mine sites and mills in Michigan’s Upper Peninsula. Once the center of North America’s copper operations in the 19th century, the ËœUP,’ as it’s known, [...]
Well, today — give or take — the world is 7 billion people big. That, at least, is what the UN has been saying. The fact that the world’s population hit 7 billion is almost less astounding than the fact that it was 6 billion only 12 years ago! That means, of course, that each [...]
by Stuart Burns on September 26, 2011
Style: Commentary
Category: Commodities, Ferrous Metals, Non-ferrous Metals, Product Developments, Supply & Demand
Keywords: China, Ferrous Metals, LME, Nickel, Non-ferrous Metals, Stainless Steel
My colleague Taras posted an article this week on the stainless market in North America drawing on comments coming out of the Institute of Scrap Recycling Industries conference in Chicago. Taras reported most industry experts felt the medium-long term future for stainless to be very positive, citing growth in many high-end applications such as oil [...]
While we were discussing our coverage of nickel and stainless steel in a highly formal editorial meeting (read: intra-office banter), we happened upon the conference bill for the Institute of Scrap Recycling Industries (ISRI)’s 2011 Commodities Roundtable Forum right here in Chicago. Turns out, ISRI was hosting a forum on the state of nickel and [...]
Source: rustwire.com Continuing with our MetalMiner Best Of Summer Series, here are a few gems from the past few months — selected either for their broad readership, controversial nature or use of the word “dodgy” in the headline — related to the steel, stainless and scrap markets. Enjoy! 1. Why Did Platts Acquire Steel Business [...]
MetalMiner will host its first high performance metals webinar, Monday, July 11 at 10 am CDT. By high performance, we refer to stainless steel, nickel alloys and aluminum. The webinar will feature a high level overview of the stainless steel market including grades and applications along with a detailed discussion about the drivers of price [...]
Stainless buyers are rightly holding off doing anything more than buying hand-to-mouth this quarter. As the nickel price has fallen from over $29,000/ton in February to below $22,000/ton this week, stainless surcharges have fallen with the normal time lag in lockstep. As a result the supply chain has, as it always does, slowed buying to [...]