Several apparently contradictory recent articles have reported the rise in nickel prices following supply disruptions to miners as a result of the spread of the coronavirus. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Reuters reported that just a few weeks ago market surpluses were expected. […]
Tag: nickel price
Stainless MMI: Index drops in January on nickel price weakness
The Stainless Steel Monthly Metals Index (MMI) gave up five points this month, setting the value back to 70. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! LME nickel prices dropped slightly below the $13,000/mt price level in late January when industrial metals prices, generally speaking, […]
Nickel not joining in the Christmas cheer
We observed last month that the peak had passed in nickel prices and earlier suggestions from some quarters that nickel may hit $20,000 per ton were highly unlikely. Any stainless consumers taking that on board and living hand to mouth will have seen surcharges come down and should have been able to trim stocks in […]
What happened to the nickel supply shortfall?
By most accounts, nickel has had a good run this year. Among a falling commodity market, nickel has been one of only a couple of metals products that have bucked the trend and seen strong gains. Nickel has jumped some 35% this year, largely on the back of supply-side fears. Looking for metal price forecasting […]
This Morning in Metals: MetalMiner Webinar to Explore Manufacturing Talent Gap
This morning in metals news, an upcoming MetalMiner webinar will explore the challenges manufacturers face in talent acquisition, the nickel price continues to fall after a hot summer and miner BHP released its production results for the quarter ending Sept. 30. Keep up to date on everything going on in the world of trade and […]
Stainless MMI: Index Jumps 16 Points on Nickel Price Surge
The Stainless Monthly Metals Index (MMI) followed last month’s six-point increase with a 16-point jump this month. Once again, the index surge came as a result of strong nickel price gains, even though a slim majority of global prices in the index declined (albeit mildly compared to nickel price increases). Need buying strategies for steel? […]
Metal Prices Gain Momentum in February
On the heels of the doldrums of December, metals prices have made gains through the first two months in 2019. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook February was an especially strong month for a number of metals. However, markets are especially sensitive to any snippets of news coming out of the […]
The January MMI Report: Metals Slump to Close Action-Packed 2018
With the January 2019 Monthly Metals Index (MMI) report, we can close the book on 2018 and what was a wild year in the world of metals and metals price movements. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook It was a book that closed with a pessimistic chapter for […]
This Morning in Metals: Nickel Falls to 11-Month Low
This morning in metals news, the nickel price has plunged to its lowest level in 11 months, Canadian Prime Minister Justin Trudeau spoke with President Donald Trump over the weekend regarding the U.S.’s steel and aluminum tariffs, and two train derailments appear to have had little impact on Australia’s iron ore sector. Need buying strategies […]
The July MMI Report: Metals Markets Post a Down Month as Trade Tensions Rise
It was another busy month in the world of metals. Then again, these days quiet months in metals or in trade, generally, are few and far between. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Trade tensions continued to rise, as $34 billion in tariffs on Chinese goods went into effect […]
