Since late March, prices of iron ore — the key ingredient in steel — have risen more than 40 percent. Nickel, needed for stainless steel, and …

[SMM Daily Review] Nonferrous collective rise, abnormal movements at the end of the mine, Shanghai nickel up more than 2%, black series iron ore once again led the last period of crude oil up 2.65%. Jun 16,2020 16:53 CST

Philippine nickel miners are likely to ramp up ore output by next year, but their production capacity is limited by a number of factors, including government-imposed mining curbs, the head of the local industry lobby group said on Wednesday. The Southeast Asian nation's nickel ore output may rise in 2020 mining season, but the volume is unlikely to return to the 2014 record-high level of about ...

If Tsingshan floods the market with nickel and drives down prices it would reduce its own raw material cost advantage over rivals. Ore supply is currently the greatest constraint on Tsingshan and Credit Suisse notes another 60mtpa of wet saprolite ore is required over the next three years, which is more than the total currently supplied.

A demand-led price collapse after China actively curbed steel production output from July this year is driving iron ore prices lower, S&P says. This is set to continue. "China intends to keep steel production output flat year on year compared with 2020, as its government policy targets reducing steel sector carbon emissions," S&P says.

Other analysts said Thursday night's 5 per cent rise in iron ore prices was more linked to the fact Chinese buyers had returned to the market after being absent between Monday and Wednesday for ...

Its assessment of nickel sulphate prices in China suggests a rise of more than 30% to $5,658 a tonne in the 12 months to the end of September. …

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in Commodity News 13/09/2021. Nickel prices jumped on Friday to their highest in more than seven years due to shortages created by a sharp rise in …

Also, China is staring at a dwindling stock of nickel ore which may force its producers to switch to Class 1 nickel (used for producing high-quality nickel sulphate in EV batteries).

China's output of stainless steel totalled 22.53 million mt in January-August, an increase of 22.65% year on year. Aluminium prices fluctuated rangebound today. SMM A00 aluminium prices rose 70 yuan/mt from yesterday to 21,710 yuan/mt. Secondary aluminium prices remained stable. USD / RMB Sep.07.

SHANGHAI, Jul 28 (SMM) – China's nickel ore imports more than doubled in June compared to the previous month, as the top supplier—the Philippines—has shrugged off the impact from the COVID-19 lockdown measures.. China imported 3.45 million mt of nickel ore and concentrate last month, up 1.77 million mt, or 105.5% from May but down 17.1% from June 2019, according to data …

Nickel outlook 2021: Price performance review. Nickel started the year trading at US$14,070 per tonne, but plummeted to US$11,055 by March, …

Nickel ore imports by China more than doubled to 6.6 million tonnes in the first quarter of 2018 over a year ago while refined nickel and alloy imports have surged 14 per cent to 60,000 tonnes during the same period. The sharp jump can be attributed to accelerating imports from Indonesia and stable shipments from the Philippines.

UBS published its commodity-price control proposals after last week's spectacular rise and fall in the price of iron ore which hit an all-time record high of $233 a ton on Wednesday before ...

In the second half of the year, China's rapid economic recovery became a major driver in increased nickel prices for the rest of 2020. This trend continued into 2021. In addition, a ban on nickel-ore exports from Indonesia, which came into effect on 1 January 2020, contributed to the metal's rally.

The import volume of China's two major laterite nickel ore importing countries dropped sharply, and the total domestic nickel mine import fell sharply. According to the data of the General Administration of customs, China's import of nickel ores and concentrates in May was 1680734 tons, up 24.83% month on month and down 67.6% year on year.

For nickel that means EV's will require more than 1m tonnes according to BMO, compared to total mining production today of some 2.5m tonnes. According to Benchmark Mineral Intelligence, nickel sulphate in Asia (>22% Ni, CIF) was trading at healthy $1,800 to $2,250 per tonne premiums over LME in August, up more than 24% since the start of the ...

The price of imported nickel ore in China could jump more than 50%, following Indonesia s export ban on the product which took effect January 12, Macquarie Commodities Research said in a report Tuesday.

Nickel market experts weighed in with their opinions. One glance at a price chart for nickel prices on the London Metal Exchange over the past 15 months shows the reason for its star status within the base metals complex. A 40%-plus rise since the beginning of 2017 to a momentary peak of $14,150 per tonne for the LME's cash contract at the ...

Electric vehicle sales more than triple in H1 of FY22 ... Nickel prices may ... solid consumption from the stainless steel industry and supply chain …

Nickel prices on the Shanghai Futures Exchange jumped as much as 8% to a record 161,600 yuan ($25,283.58) per tonne. China's imports of nickel ore and nickel pig iron fell 1.6% and 12.3%, respectively, on a monthly basis in September, data released by the customs office on Wednesday showed.

On Monday, nickel prices surged another 8%. Nickel prices were battered in 2013, however they are up more than 50%, so far this year. The …

"Our long-term forecast is for the gold and silver prices to fall by more than 10 percent in the first half of 2021 and 15 percent in 2021, but we expect the silver and silver ore prices to rise in the second half of the year, if not sooner," the firm wrote. "This is because silver and copper prices have been falling sharply in recent ...

China steel futures rise to record high, boost iron ore prices. ... May 6 (Reuters) - Chinese ... is the world's largest international multimedia news provider reaching more than one billion ...

Dec. 3: China's Dalian Commodity Exchange (DCE) imposes limits on single-day open positions for the May 2021 iron ore contract as prices power towards 900 yuan ($138) per tonne. Dec. 4: …

Prices of China's nickel pig iron and concentrate inched up this week, thanks to higher metal prices. On Tuesday May 12, NPI of 10-15% content was trading at 950-1,000 yuan ($155-163) per tonne, compared with a range of 950-980 yuan per tonne a week ago. Meantime, nickel ore of 1.8% content was trading at $70-73 per tonne, compared with $62 ...

A recovery in stainless production in Europe and the US is helping scrap supply more than primary nickel, Macquarie adds. Furthermore, there has been a large rise in the price of the main ingredient in nickel pig iron in China, nickel ore, and the broker assesses the selling price is rising to intolerable levels.

This results in a simple economic principle: high demand meets low supply – prices rise. Stainless steel raw materials also in short supply. Raw materials for stainless steel production, such as nickel, chrome, iron ore and coking coal, have also more than …

Its assessment of nickel sulphate prices in China suggests a rise of more than 30% to $5,658 a tonne in the 12 months to the end of September. …

Iron-ore prices tumbled more than 6% on Monday, with the Dalian benchmark hitting its lowest in seven months, on rising portside stocks of the steelmaking ingredient in China due to …

Nickel futures gain 0.79% on positive global cues. At the Multi Commodity Exchange, nickel for delivery in July traded higher by Rs 5.30, or 0.79 per cent, to Rs 680.10 per kg, in a business turnover of 1,633 lots. more.