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1-30 |
* LME nickel - plus 786 tons = 36,816 tons. |
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1-27 |
LME nickel ends at $6.98/lb.
* Russia’s metals giant Norilsk Nickel and the Anglo-Australian
miner Rio Tinto Ltd form a joint venture related to “non-ferrous metals
geology” with initial exploration efforts concentrating on opportunities
in the Siberian and far-eastern federal districts of Russia. Norilsk, currently
the world's number one source for nickel, appears to be reacting to a possible
union between #2 Inco and #3 Falconbridge, which, if it happens, will eclipse
Norilsk in size.
* Nickel - plus 66 tons = 36,030 tons |
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1-26 |
LME nickel ends at $6.70/lb.
* Nickel - minus 552 tons = 35,964 tons |
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1-25 |
LME nickel ends at $6.84/lb.
* Nickel - plus 138 tons = 36,516 tons. |
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1-24 |
LME nickel ends at $6.74/lb.
* Nickel - plus 6 tons = 36,378 tons. |
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1-23 |
LME nickel ends at $6.74/lb.
* Nickel - plus 84 tons = 36,372 tons. |
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1-20 |
LME nickel ends the day at $6.62/lb.
* Nickel - minus 42 tons = 36,288 tons. |
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1-19 |
LME nickel ends the day at $6.70/lb
* Nickel - plus 48 tons = 36,330 tons. |
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1-18 |
LME nickel ends the day at $6.76/lb.
* Nickel - minus 72 tons = 36,282 tons |
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1-17 |
LME nickel ends at $6.69/lb.
* Nickel - plus 138 tons = 36,354 tons. |
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1-16 |
LME nickel ends at $6.68/lb.
* Nickel - minus 150 tons = 36,216 tons |
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1-13 |
LME nickel ends at $6.75/lb.
* Nickel - minus 294 tons = 36,366 tons |
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1-12 |
Nickel quiet - closes at $6.67/lb. Zinc and
lead hit new high's.
* Nickel - inventory flat at 36,660 tons |
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1-11
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Zinc and lead hit new all time high's. LME nickel down at
$6.67/lb.
* ISSF forecasts stainless steel output to increase by 6% to
26.5 million metric tons in 2006, after a disappointing 2005 saw only a 2%
increase.
* China on week long Lunar New Year next week
* South African ferrochrome at 65 cents/lb for 1st quarter 2006,
down a nickel for third straight quarter
* LME aluminum posts 17 year record high/copper new high yesterday
on worries about strike at Chile's Codelco
* Nickel - minus 96 tons = 36,660 tons |
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1-10 |
Closing - $6.79/lb.
* Nickel - plus 240 tons = 36,756 tons. |
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1-9 |
The nickel rally, for whatever unknown reason, continues. Ended today
at $6.78/lb.
* Nickel inventories on the LME increased 354 tons to total
36,516 tons. |
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1-6 |
LME nickel ends the week at $6.49/lb.
* Stock nickel inventories gained again yesterday with an additional
168 tons taking the total to 36,162 tons. |
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1-5 |
Funds continue to buy blind and push nickel higher to
$6.49/lb.
* LME nickel inventories dropped by 48 tons to total 35,994
tons. |
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1-4 |
Nickel is up again, although I feel the only reason is fund optimism
based off blind hopes, rather than facts or fundamentals. Closed at
$6.40/lb.
* 300 more tons of nickel added to LME nickel warehouses takes
the total to 36,042 tons. |
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1-3 |
LME nickel ends the day at $6.29/lb.
* In a press release sure to raise some eyebrows, Prudential
analyst John C. Tumazos today, cut his rating of Inco to sell today, on fears
of a nickel "glut" in 2006.
* Inco will be in negotiation with union at Sudbury this year.
Current contract expires on May 31st, and these talks have a history of not
going well.
* LME nickel inventories stand at 35,742 tons and ended 2005
at $6.12/lb. |
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Nickel (average annual price) |
Molybdenum (average annual price) |
| 2001 |
$2.70/lb |
$2.36/lb |
| 2002 |
$3.07/lb |
$3.59/lb |
| 2003 |
$4.37/lb |
$5.21/lb |
| 2004 |
$6.28/lb |
$18.00/lb (approx) |
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