The nickel market, as Reuters points out in a recent article, has been characterized by two supply-side factors, even as demand has risen. On the one hand, Chinese nickel pig iron (NPI) production has kept the country well supplied in refined nickel, in spite of a falling nickel price supposedly putting cost pressures on the [...]
Dropping 0.9 percent on the LME, the nickel 3-month price showed the most movement on May 3, 2012, closing at $17,470 per metric ton. The primary nickel price weakened by 0.5 percent on the LME, settling at $17,430 per metric ton. The Indian primary nickel cash price finished the market day up 0.3 percent. The [...]
LME Nickel Price Declines 2.3 Percent On May 1, 2012, the day’s biggest mover was the LME price of primary nickel, which saw a 2.3 percent decline to $17,835 per metric ton. The 3-month price of nickel weakened by 2.3 percent on the LME, settling at $17,910 per metric ton. The cash price of Indian [...]
Chinese Ferro Alloys Taking It Easy On April 16, 2012, the price of Chinese ferro-moly was unchanged, hovering above $23,000 per metric ton. For the fifth day in a row, the price of Chinese ferro-chrome remained essentially flat, staying above $1,300 per metric ton. Chinese Stainless Prices Holding Pat Chinese 316 stainless steel scrap saw [...]
by Lisa Reisman on April 12, 2012
Style: Industry News
Category: Ferrous Metals, Metal Prices, MetalMiner IndX, Non-ferrous Metals
Keywords: Aluminum, China, Coking Coal, Ferro Alloys, India, Iron Ore, Japan, LME, Nickel, Scrap Metal, Stainless Steel, Steel, USA
Chinese 304 Stainless Steel Scrap Prices Fall 3.7 Percent Chinese 304 stainless steel scrap saw the biggest price shift of the day in stainless prices, dropping 3.7 percent on April 11, 2012. For the fifth consecutive day, Chinese 304 stainless coil prices held flat near $3,000 per metric ton. Chinese 316 stainless coil prices saw [...]
by Lisa Reisman on April 11, 2012
Style:
Category: Commodities, Sourcing Strategies
Keywords: Aluminum, Conflict Minerals, Copper, MetalMiner, Nickel, Rare Earth Metals, Stainless Steel, Steel, Titanium
MetalMiner (and our parent organization, Azul Partners) has been quietly building up a cool business the past few years. The only thing increasing faster at the moment than our revenue and cross-site traffic — we’re currently up to nearly 100,000 unique visitors and over 300,000 visits per month across our four sites — is the [...]
As the above graph shows, total percentage returns for the huge industrial metal and raw material producers, who’d attended last week’s Reuters Metals and Mining Summit, have not really been all that hot — indeed, rather cool to cold — over the past year. Sovereign debt concerns, cooler global industrial demand, strikes, natural disasters and [...]
Source: money.cnn.com “As metal prices are extremely volatile, the delay incurred by proposing and passing legislation [to substitute nickel and copper in US coins] could result in the new compositions being outdated by the time of their enactment,” the U.S. Treasury said in its budget proposal. -Reuters “Today in Science we read the book “The [...]