If you’ve been living under a rock, then you’re probably the only one who hasn’t heard about global nickel prices skyrocketing to new highs over the past two months – and that if you’re a manufacturing company and not hedged up, you may be in trouble.
MetalMiner’s latest metal price report, the Monthly MMI® for May, goes into the latest spike in the nickel price, making the Stainless MMI® specifically the biggest mover of all 10 MMI indexes. In fact, it was only one of three total indexes that increased month-to-month – and boy did it ever, jumping 14 percent.
“Nickel has clearly breached its previous resistance levels,” writes MetalMiner Executive Editor Lisa Reisman, in the report. Both Lisa and our go-to forecasting analyst, Raul de Frutos, shed much more light on exactly what buying organizations should do to mitigate nickel price risk.
But that’s not all – we cover nine other metals markets and industry sectors. Download the PDF, and you’ll get the skinny on:
- How AK Steel and Allegheny Technologies (ATI) are paying the near-term price for waging a trade suit against importers of grain-oriented electrical steel (GOES)
- Which factors within the rare earths complex are dragging down overall prices, from supply/demand and policy perspectives
- How strikes and Vladimir Putin are affecting palladium prices
- Where we think the US steel industry is headed
So what are you waiting for? Get to downloadin’ and readin’!