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
Week in Review: COVID-19 impacts; Trump’s travel suspension; cobalt mine production
Before we head into the weekend, let’s take a look back at the week that was and some of the coverage here on MetalMiner, including: Tesla’s reported interest in cobalt-free batteries; the oil price crash; falling aluminum prices; supply-chain challenges amid the COVID-19 outbreak; Trump’s travel suspension; and global cobalt mine production: Looking for metal […]
Stainless MMI: Index down as weak demand impacts global prices
The Stainless Steel Monthly Metals Index (MMI) declined by three points this month to 67, following a five-point decline last month. LME nickel prices continued to slide as global markets reacted to production delays due to coronavirus, which weakened demand and prices.
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, […]
Questions abound amid allegations of shady goings-on in the nickel market
We all love conspiracy stories — who knew what and who was manipulating events behind the scenes? All the metals intelligence you need in one user-friendly platform with unlimited usage – Request a MetalMiner Insights platform demo A recent Telegraph article takes a more balanced approach to review goings-on at the London Metal Exchange (LME) […]
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 […]
Stainless MMI: Index Falls One Point as LME Nickel Moves Sideways, SHFE Nickel Drops Slightly
The Stainless Steel Monthly Metals Index (MMI) dropped again this month, by one point to 87. The drop follows last month’s three-point decline to 88 on the heels of August’s five-year high of 91. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME nickel prices continued to move sideways overall, […]
This Morning in Metals: China’s Jingye Set to Buy British Steel
This morning in metals news, a Chinese firm is poised to take over the insolvent British Steel, Chinese iron ore futures were down Monday and speakers at a recent convention in Budapest weighed in on the stainless steel market. Jingye to Buy British Steel After talks with Turkey’s Ataer Holding fell apart, Chinese firm Jingye […]
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 […]
