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Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London) Dow Jones reports three month nickel closed Wednesday’s trading session at $8.19/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.10/lb higher, with all London traded base metals trading higher this morning. Stockpiles of nickel stored in LME warehouses […]
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Daily Nickel/Stainless Steel Briefing Nickel on the LME went untraded yesterday. Indicators at 6:00 am CST today show nickel trading around $.23/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell on Friday and started today just under the 194,500 tonne level. Cancelled warrants came in very close to the 34% level on Friday. […]
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Research Notes – “It’s all kind of sad … and strange” U.S. DEPARTMENT OF STATE BACKGROUND NOTES: CUBA PUBLISHED BY THE BUREAU OF PUBLIC AFFAIRS NOVEMBER 1994 Cuba was the last major Spanish colony to gain independence. In a movement which began in 1850, Cuban planters financed and led several expeditions against Spanish garrisons. In […]
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2/11 Australian Mining – The president of Chinese aluminium giant Chinalco has stepped down before the expected completion of a multi-billion dollar deal with Rio Tinto. Xiao Yaqing’s resignation comes the day after Rio Tinto’s chairman designate Jim Leng unexpectedly resigned. Industry speculation has suggested that Leng resigned amid disagreements over the way Rio proposes […]
or A common misconception about stainless steel is that is not affected by corrosion. While misleading, the phenomenal success of the metal makes this common belief understandable. One of New York City’s most impressive landmarks is the stainless steel clad peak of the Chrysler Building. Built in 1930 of 302 Stainless, a recent inspection revealed […]
Stainless Steel Technical Information for Engineers / Stainless Steel Literature and Associations Noteworthy Chlorine (like that in salt) can eat thru and destroy the thin protective layer of passivation that protects stainless steel from corrosion. If chlorine gets on your stainless, clean it with fresh water immediately. Chlorine is to stainless, like cancer is to […]
How To Stop Thread Galling On Stainless Fasteners By fastener expert Joe Greenslade: www.greensladeandcompany.com A few times each year we receive calls from fastener suppliers who are in conflict with their customer over the quality of stainless steel bolts and nuts. The customer’s complaint is that during installation the bolts are twisting off and/or the […]
Thursday, October 31 Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London) Dow Jones reports three month nickel closed Wednesday’s trading session at $6.62/lb . Indicators at 6:50 am CST today show 3 month nickel trading around $.05/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored […]
Tuesday, May 31 Daily Nickel/Stainless Steel Wrap-up Baltic Dry Index – plus 6 to 1,480. (chart) Dollar graph in lower right corner of this page – (chart of dollar index) (live java chart) Headlines & leaders – (Bloomberg) China Raises Power Prices for Business, Farmers as Summer Shortage Looms // China Stocks Rise for […]
Weekend edition, Xstrata negotiation watch (Sunday) Sudbury Xstrata / First Nickel Negotiations Mine Mill Local 598 Sudbury Star Strike looms at Xstrata Nickel’s Greater Sudbury operations – A strike at Xstrata Nickel’s Greater Sudbury’s operations seems to be a certainty as the midnight Sunday deadline approaches. – more Chromite prospects stirring excitement […]
Monday, April 30 Daily Nickel/Stainless Steel Wrap-up Sucden’s day old nickel chart – (here). Baltic Dry Index – minus 1 to 1,155. (chart) Dollar graph in lower right corner of this page – (chart of dollar index) (live java chart) Headlines & leaders – (Bloomberg) China Plans Tariff Cuts for Commodity, Consumer Goods to Encourage […]
Cell phone and tablet users – smaller version of this page – (here) Thursday, September 29 Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London) Three month nickel closed Wednesday’s trading session at $4.85/lb . Indicators at 5:45 am CST today show 3 month nickel trading around $.02/lb lower. Stockpiles of […]
10-29 LME nickel ended the day and month at $6.11/lb. For the month, nickel averaged $6.54/lb. * China Iron and Steel Association states iron ore imports will rise from 148 million tonnes last year to to more than 180 million tonnes this year * LME warehouse stock of nickel slid by 54 tonnes […]
Thursday, September 30 (final day of 3rd quarter) Daily Nickel/Stainless Steel Wrap-up Baltic Dry Index – minus 22 to 2,246. (chart) Dollar graph in lower right corner of this page – (chart of dollar index) (live java chart) Headlines & leaders – (Bloomberg) Buffett Expects `Large Investment Opportunities’ in China // Taiwan Raises Benchmark […]
