This morning in metals news: the nickel price has gained to start the week; Reliance Steel and Aluminum Co. recently released its Q3 results; and, finally, the U.S. imported $19 billion in energy goods from Mexico last year. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]
Tag: nickel
Stainless MMI: U.S. stainless imports surge as surcharges move up again
The Stainless Monthly Metals Index (MMI) decreased by 3.8% for this month’s index value, as U.S. stainless imports surged last month. Do you know the five best practices of sourcing metals, including stainless steel? U.S. stainless imports rise 76% The U.S. Department of Commerce reported the U.S. imported a total of 91,600 metric tons of […]
The nickel market is set for major disruption
There is a looming crisis in the nickel market. Some would argue it’s a good problem to have. Demand is set to rise on the back of increasing uptake of electric and hybrid vehicles through this decade. More and more governments will mandate the production of electric vehicles (EVs) over internal combustion engine (ICE) autos. […]
This Morning in Metals: Global alumina production rises in August
This morning in metals news: global alumina production rose 2.7% year over year in August; China’s industrial profits fell through the first eight months of the year; and nickel prices have taken a dive over the last month. Check if your service center is providing you with price transparency for your aluminum spend. Global alumina […]
Stainless steel demand holds back the nickel price
The nickel price has not recovered as quickly as other base metals have.
Stainless MMI: LME nickel prices contradict market fundamentals
The Stainless Monthly Metals Index (MMI) increased by 3% this month after holding flat for two consecutive months.
Stainless MMI: LME nickel prices grow for second consecutive month
The Stainless Monthly Metals Index (MMI) held flat this month.
Nickel price slow to follow the rest of the metals complex
As much of the rest of the base metals were lifted this week, nickel remained subdued. This comes despite an announcement by the Indonesian government that it would relax exports of many minerals but keep in place a ban on nickel ores.
Stainless price rises offer a hint of support for nickel
Nickel prices have seen support in recent months more from supply-side concerns. Initially, support came from bringing forward of Indonesia’s raw material export ban. More recently, support came from concerns the coronavirus pandemic would shut down mines in the Philippines and Indonesia, in addition to disruption of shipping to top consumer China.
Stainless MMI: Index ticks up 4.8% as demand in China begins to recover
The Stainless Monthly Metals Index (MMI) rose 4.8% this month.
