This morning in metals news: General Motors will invest $51 million to install equipment at its Bedford, Indiana aluminum casting die foundry; nickel prices have gained this past month; and, lastly, the U.K. trade minister reportedly told the U.S. they could consider expanding tariffs on U.S. goods if the U.S. does not remove the Section […]
Tag: nickel prices
Nickel prices rise but fail to catch up with other base metals market
Nickel prices and, as a result, stainless surcharges, remain in the doldrums this month, recovering only slightly from last month’s sharp sell-off. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Nickel prices drop in March Nickel’s bull story took a hit at the beginning of March by announcements from […]
Stainless MMI: Significant nickel price correction leads to a thirteen-point drop
The Stainless Steel Monthly Metals Index (MMI) dropped again this month, by thirteen points to 74, the third and largest consecutive monthly drop, with nickel prices correcting significantly. LME nickel prices finally corrected, now back to levels last seen in late July. While prices held on to higher levels for a few months based on […]