Stainless Steel News and Nickel Prices, Molybdenum, Metal Pricing, Ferrochrome
Daily Nickel/Stainless Steel Briefing
- Nickel closed Tuesday’s trading session at
$6.97/lb
($15,370/tonne). Indicators at 5:45 am CST today show nickel trading around $.02/lb higher. Stockpiles of nickel stored in LME licensed warehouses went unchanged on Tuesday and still reads just over the 165,350 tonne level. Shanghai nickel rose to 125,230 y/t overnight. The Euro is sliding but nickel bulls remain undaunted so far. Busy news day so we leave you to it. Stay safe out there and have a great hump day! - Average price of LME traded cash nickel so far this month – $6.80/lb
|
|
|
Reports
Shanghai Metals Market
Tuesday’s market review – Copper edges up with support from tariff bets, weaker dollar – Copper prices rose in London on Tuesday, with some buying triggered by a weaker dollar and hopes that President-elect … – more
Stainless Steel CR Coil Prices Tumble in USA, China; Stable in Germany – With the week ending on 3rd January, the global Stainless-Steel CR Coil market in December showcased diverse trends across …. – more
YC Inox starts stainless steel pipe production at Turkish subsidiary – YC Inox TR Çelik Sanayi ve Ticaret A.Ş., a Turkish subsidiary owned by Taiwan’s stainless steel producer YC Inox Co., Ltd., has started … – more
Global molybdenum production and usage rises in Q3 2024 – International Molybdenum Association (IMOA) show that global production of molybdenum rose by 2% to 162.4 million pounds (mlbs) and usage … – more
EVs, green tech seen driving nickel, copper demand in 2025 – Miners are expected to encounter stronger demand for major Philippine minerals like copper, nickel, and gold in 2025, industry officials said. – more
LME activity up 18% in 2024, nickel volumes at pre-crisis level – Average daily volumes at the London Metal Exchange, the world’s largest and oldest metals forum, gained 18% to 664,698 lots in 2024 with nickel … – more
- LME expresses satisfaction with its 2024 activity levels – more
Stainless Steel Metal Casting: A Complete Guide to Processes and Applications – Over the ages, metal casting, one of the oldest and most adaptable manufacturing methods, has evolved significantly, enabling the… – more
Courtesy AISI – In the week ending on January 4, 2025, domestic raw steel production was 1,635,000 net tons while the capability utilization rate was 73.6 percent. Production was 1,656,000 net tons in the week ending January 4, 2024, while the capability utilization then was 73.7 percent. – more
Photo Essay: How Nickel Smelting Threatens Indigenous Tribe’s Ancestral Home in Indonesia – The deafening roar of bulldozers ripped through the tranquil forest, scattering birds and shattering the harmony that… – more
Other News
- Canada’s trade surplus with U.S. widens before Trump’s return – more
- China to Curb Exports of Lithium Battery Tech – more
- As population trends shift, where will future workers come from? – more
- Trudeau ‘wish list’ fell short for miners in green energy transition – more
- Years of Excess Press China’s Economy – more (WSJ excerpt) “Now, China’s goal of overtaking the U.S. as the world’s largest economy might take decades longer than Beijing expected—if it happens at all.”
Economic Stats and Prices (posted in Friday edition)
Why Stainless Steel
|
|
Слава Україні! – more