Tag: LME nickel

Vladimir Potanin Sanctioned by the UK and Nickel Price Impact

The UK government has added Vladimir Potanin, Norilsk Nickel’s president and chairman of the management board, to its list of sanctioned individuals. The LME nickel price remains in question. A June 29 update notification from HM Treasury’s Office of Financial Sanctions Implementation (OFSI) noted Potanin’s addition. The stated reason was that he would benefit from […]

Aluminum MMI: Aluminum Prices Trade Sideways After Decline

Aluminum prices declined overall in May. However, near the end of the month, they appeared to hit bottom and began to trade sideways. Conflicting macroeconomic and geopolitical factors continue to pressure markets, resulting in unclear direction and price trends. Overall, the Aluminum Monthly Metals Index (MMI) dropped by 6.21% month over month.  Shanghai Lockdowns Return, […]

Stainless MMI: Nickel Prices Fall and Start Consolidating

Nickel prices appeared to hit a bottom in mid-May, but the trend remains down. Moreover, recent price action showed few signs of any bullish structures on a weekly scale. All in all, the Stainless Monthly Metals Index (MMI) dropped 9.4% from May to June. LME Faces Nearly $500 Million in Lawsuits The nickel crisis returned […]

Is the Battery Metals Gold Rush Really Over?

The term battery metals typically refers to lithium, nickel, and cobalt. The name stems from the fact that the three metals are frequently used in the production of all types of modern batteries. Since 2021, these metals have enjoyed a rather lengthy bull run. This has proved profitable for investors and provided some much-needed predictability […]

Nickel Prices: LME Nickel Contract Continues to Lack Liquidity, Harming Price Discovery

Nickel Prices: LME Nickel Contract Continues to Lack Liquidity, Harming Price Discovery Nickel-Prices

Nickel prices are seeing a lot of attention due to an overall lack of liquidity on the LME contract. But what exactly does this mean? Moreover, what does it mean for buyers looking to mitigate price problems in the face of global supply problems? The metals market moves fast. Sign up for the weekly MetalMiner […]

Nickel prices jump on Russia moves while LME stock levels continue to fall

The London Metal Exchange’s (LME) nickel price shot up by more than $1,000/mt on Friday Feb 25, a rise that one analyst directly connected to Russia’s invasion into Ukraine. The official, three-month nickel bid price reached $25,625 per metric ton on Feb. 24, The price increased 4.3% on the day from $24,575/mt, data from the […]

Stainless MMI: Nickel surged to 11-year high 

The Stainless Monthly Metals Index (MMI) rose by 7.46% from January to February. Nickel prices surged to an 11-year high last month, due to plummeting LME warehouse inventories. Prices retraced in late January after a minor sell off, but managed to rebound. As prices climb toward recent highs, they may either breakout to new levels. […]

LME Nickel Follows Aluminum in Price Slide

LME Nickel Follows Aluminum in Price Slide

MetalMiner’s Stuart Burns touched on the rapid swing back downward for the aluminum price, which surged on news of U.S. sanctions on Russian oligarchs and companies but quickly dropped when the U.S. Treasury opened the door to potential easing of sanctions. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook But aluminum wasn’t the […]

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