A procurement platform is only useful if it reflects real procurement purchasing risks. That means steel, aluminum, copper, stainless, critical minerals, and all other types of industrial metals which require metal price forecasting. If your team buys across any of these categories, you should not need multiple tools to understand your position. You should only […]
Tag: nickel
Are You Using the Right Tools to Make Metal Buying Decisions?
The use of AI for metal purchasing companies has value. Black-box answers do not. With that said, what services does MetalMiner offer based on AI usage? First, one must understand that skepticism toward AI is not the issue. Skepticism toward unexplained answers is. That distinction matters in metals procurement. Finance leaders and procurement leaders do […]
Top Metal Price Forecasting Tools: What Successful Teams Do Differently
The best metal buying teams are not flashy. They are disciplined. So what are the top metal price forecasting tools? They are the ones that clearly define exposure and price risk, follow a calculated process, and make decisions before markets force their hand. Over time, that discipline matters more than any single metal buy. Historical […]
Nickel’s Critical Role in Stainless Steel and EV Batteries
Nickel plays a vital role in producing stainless steel and powering electric vehicle batteries. In recent years, the metal’s close ties to the burgeoning electric vehicle market have helped push it into the global spotlight. However, rapid shifts in demand, supply and pricing have created both challenges and opportunities in the nickel sector, depending on […]
Stainless MMI: Stainless Prices Stable Despite Q1 Market Improvements
Declining nickel prices saw the Stainless Monthly Metals Index (MMI) drop from April to May. Overall, the index fell 3.34%. Suppliers Report Better Q1 Performance Domestic stainless suppliers reported improved market conditions in the first quarter. Both mills and service centers saw shipments increase as the barrage of tariff announcements spooked at least a few […]
Historical Price Trends for Industrial Metals Over the Past Decade
Over the last ten years, industrial metal prices have gone on a wild ride, rising, falling and rising again, thanks to everything from global economic swings to supply chain hiccups and geopolitical drama. If you’re in manufacturing, investing, or policy, keeping tabs on these price trends isn’t just helpful, it’s essential. Steel Historical Price Trends […]
Stainless MMI: Outokumpu Cuts Discounts, Nickel Prices Rise
The Stainless Monthly Metals Index (MMI) remained sideways, supported by modest increases among most of its components. The index rose by a modest 0.56% from February to March. Meanwhile, nickel prices continued their uptrend. Outokumpu Reduces Stainless Steel Discounts Outokumpu closed out February announcing reductions to a number of stainless steel discounts. Beginning March 1, […]
Stainless MMI: Indonesia Looks to Support Nickel Prices
The Stainless Monthly Metals Index (MMI) remained sideways, retreating by a modest 2.64% from December to January. All of the index’s components trended lower, weighed down by bearish nickel prices throughout the month. Indonesia to Address Nickel Supply Glut Indonesia is currently eyeing substantial output cuts after nickel prices descended beneath the $15k/mt mark. High […]
Indonesian Firms Rush to Capitalize on Nickel
According to a Forbes report, the nickel business has become so lucrative that billionaire Kiki Barki, who built his fortune in coal mining, is now steering his Harum Energy toward nickel. Harum accelerated its nickel expansion this year through a series of strategic deals. Meanwhile, nickel prices ended 2024 below their 2023 close. Harum Makes […]
Nickel Nightmare: Is Indonesia’s Dominance Hurting Global Markets?
When the story of global nickel prices is written for 2024, Indonesia and China will undoubtedly be the main characters. This is not only due to the former country’s high production output but also alleged violations of environmental rules and poor labor practices, which Indonesia has consistently denied. Indonesia is numero uno in global nickel […]