This morning in metals news, there has been a flood of applications from U.S. companies for exemptions from the Section 232 tariffs. Nickel prices reached a three-year high, stoked by fears of more sanctions, and Alcoa shares jumped in after-hours trade following rosy Q1 results. Need buying strategies for steel? Try two free months of […]
Tag: nickel
Mid-April Metals Analysis: Aluminum, Copper and Nickel Prices Rise, Other Base Metals Fall
Numerous factors weigh heavily on the base metals and commodity complex: the Chinese copper scrap ban, the Section 232 proclamation on aluminum and steel combined with country-specific exemptions set to expire on May 1, the Section 301 investigation, and multiple strikes at copper and nickel mines to boot. After the turmoil of the first few […]
This Morning in Metals News: Nickel, Zinc Hit More Than 1-Week Lows
This morning in metals, zinc and nickel dropped to their lowest prices in over a week, another country hints at retaliation vis-a-vis potential U.S. Section 232 tariffs and Chinese steel mills are looking to increase output before future cuts take hold.Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Nickel, Zinc Post […]
Tight Nickel Market Sees London Prices Hit $13,200 Per Metric Ton
LME nickel prices hit $13,200 per ton last Wednesday, the highest level since June 2015 before investors took profits and the price fell back a touch to $12,870 per metric ton. Prices were led higher by the ShFE, where stock have fallen to 48,920 tons from over 90,000 tons just a year ago — and […]
