Nickel

Investors are a funny lot. The phrase “herd mentality” may have been created to describe the behavior of our four-footed friends, but it applies equally well to the investor fraternity. For months, the prospect of a slowing China and the departure of Greece from the euro have been on the cards, prompting some no doubt [...]

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The week’s biggest mover on the Stainless MMI® was the cash price of Indian primary nickel, which saw a 2.1 percent decline. The 3-month price of nickel declined to $17,220 per metric ton after drifting 1.4 percent on the LME since last week. Since last week, the price of primary cash nickel fell to $17,135 [...]

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The nickel 3-month price saw the biggest shift of the day, dropping 2.3 percent on the LME to close at $17,070 per metric ton on May 10, 2012. The cash price of LME primary nickel weakened by 2.2 percent, settling at $17,030 per metric ton. Following a two-day drop, the cash price of Indian primary [...]

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The day’s biggest mover on stainless and raw material inputs markets, Chinese 316 stainless steel scrap, broke away from a three-day static phase with a 1.1 percent jump on May 9, 2012. The price of Chinese primary nickel, meanwhile, saw a 0.3 percent decline. Chinese 304 stainless steel scrap stayed flat at under $3,000 per metric ton. [...]

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Metals buyers are an assiduous lot, carefully tracking and recording the price movement of those base metals on which the materials and components their firm depends with admirable diligence. Ask a metals buyer for the current copper price and he will often have the number to within a cent per pound off the top of [...]

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On May 8, 2012, the cash price of Indian primary nickel fell by 1.4 percent, making it the day’s biggest mover on stainless steel and its raw material inputs markets. On the LME, the primary nickel price remained essentially flat at $17,370 per metric ton. The 3-month price of nickel flattened at $17,425 per metric [...]

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A 1.1 percent increase made the cash price of Indian primary nickel the week’s biggest mover on the Stainless MMI®. The 3-month price of nickel dropped 1.1 percent on the LME this week, closing out the third consecutive week of falling prices at $17,425 per metric ton. The LME primary nickel cash price fell 0.9 [...]

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On May 7, 2012, the cash price of Indian primary nickel experienced the biggest change on the stainless steel and its raw materials inputs markets, rising 1.1 percent. The nickel 3-month price also saw a 1.1 percent decline on the LME to $17,425 per metric ton. On the LME, the primary nickel price fell 0.9 [...]

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