Stainless Steel News and Nickel Prices, Molybdenum, Metal Pricing, Ferrochrome
Daily Nickel/Stainless Steel Briefing
- Nickel closed Monday’s trading session at
$7.47/lb
($16,470/tonne). Indicators at 6:00 am CST today show nickel trading around $.08/lb 
higher. Stockpiles of nickel stored in LME licensed warehouses rose on Monday and started today’s session just under the 52,700 tonne level. Shanghai nickel fell overnight, to 131,070 y/t. Lot of news today so we leave you with it. Stay safe out there, have a great Tuesday, and Merry Christmas! - Average price of LME traded cash nickel so far this month – $7.43/lb
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Reports
Monday’s market review – Commodities Overview: The stars align again for industrial metals – Every week, the commodities Overview gives you the opportunity to review the latest developments on the…. – more
Australia deems copper, nickel strategic, opens funding pathway – Australia has opened a door to government funding for copper and nickel projects, putting them on a list of materials deemed essential …. – more
Key Takeaway From SMM Southeast Asia Nickel-Chromium-Manganese Stainless Steel Industry Conference: Exploring Pricing Mechanism Based on the Current Development Situation of Indonesian Nickel Industry – more
Long-delayed Minnesota copper-nickel mining project wins a round in court after several setbacks – The Minnesota Court of Appeals on Monday affirmed a decision by a state agency to grant a major permit … – more
China is still the top dog in commodities, but its bark is changing – For the past two decades the mantra in commodities has largely been if you build it, China will buy it. – more
Nickel, high nickel alloy specialty stainless steel, and titanium piping products – more
Nornickel joins stainless steel factory project, aims to increase nickel sales – Russian mining and metals giant Nornickel has decided to join a project to build a plant producing stainless steel products in Russia, … – more
Statement by Solway Investment Group on the decision by the Inter-American Court of Human Rights on Guatemala indigenous land rights concerning its two nickel mine companies – more
Nickel-rich cathodes show promising results for longer-lasting EV batteries – A cost-effective approach for synthesizing single-crystal, high-energy, nickel-rich cathodes may open up the bottleneck that affects … – more
A deep dive into fabricating with Duplex Stainless Steel reveals innovation and reliability – Enerfab works hand in hand with its customers to understand how fabrication and welding affect the corrosion resistance… – more
Other News
- Canada to announce all new cars must be zero emissions by 2035 – more
- Gold-priced steel: China’s tech breakthrough shatters Western market dominance – more
- U.S. Steel Agrees to Be Bought by Japanese Rival After Long Takeover Saga – more
- China jobs: suspended production, extended unpaid leave embody woes with private businesses under pressure – more
- Chinese Vessels Enter Philippine-Controlled Reef in South China Sea – more
Economic Stats and Prices (posted in Friday edition)
Why Stainless Steel
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