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Nickel rises above $20,000 on supply concerns

Nickel outperformed other industrial metals last week, surging 9 per cent for its steepest weekly advance in four years. Prices of the metal used in stainless steel climbed to a two-year high May 9 after the closure of Vale SA’s

Nickel price surges to record peak on Indonesian ban, Ukraine

On the London Metal Exchange, nickel for delivery in three months jumped 2.2 percent to settle at $17,790 a metric ton. Earlier, the price reached $17,917, the highest since Feb. 19, 2013. The commodity climbed for the 11th straight session,

Nickel drops to 2-week Low on oversupply

Nickel stockpiles tracked by the London Metal Exchange, which have surged 71 percent this year, reached an all-time high of 239,958 metric tons yesterday. This is a market in chronic oversupply resulting from systemic over-production. Nickel dropped to a two-week low

Nickel jumps to 9-Week High on Indonesian Export-Ban Prospect

Nickel jumped to a nine-week high in London as investors purchased the metal to close out bets on mounting concern that ore exports will be halted next year from Indonesia, the world’s largest producer. Nickel for delivery in three months

Nickel surplus expected to be 140 000 ton this year

Nickel producers face a global surplus of 140 000 t this year due to disappointing demand and new production projects, a monthly bulletin from the International Nickel Study Group (INSG) forecast on Thursday. The nickel surplus is a 40% increase

Nickel metal still in surplus

Whereas Deutsche Bank indicated that the nickel market outlook would be better in the first quarter, global nickel market was in surplus by 74,200 tonnes in the first six months of the year, a monthly bulletin from the Lisbon-based International

Nickel hit hard by china slowdown

Nickel prices fell to a four-year low, in the latest fallout from slowing economic growth in China, the metal’s biggest user. Nickel prices are bearing the brunt of a steep decline in metals markets this year. Nickel futures fell as

Historical Nickel Price Tumbling, Takes Monthly Stainless Index Down

The Stainless MMI® took a rather large blow in May, falling 6 points from 91 to 85, primarily on the back of falling nickel prices, falling 304 prices in China as well as 304 China scrap prices.   A nickel

Nickel: World Surplus

The International Nickel Study Group predicts an increase in the supply of nickel next year leading to a surplus of 70,000 tonnes. Several projects are either already planned or going live shortly. This is the case with Koniambo in New

Stainless Steel prices to fall as Nickel drops – MEPS

The LME nickel price plummeted from nearly US$29,000 per tonne on March 5 to just above US$25,000 per tonne on March 15. This will create negative pressure on stainless steel transaction values in the near term. In Europe, the alloy