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 Daily Nickel/Stainless Steel Briefing
- Nickel closed Thursday's trading
session at $6.87/lb
 ($15,135/tonne). Indicators at 6:00 am CST today show
nickel trading around $.02/lb 
higher. Stockpiles of nickel stored in LME licensed warehouses rose on
Thursday and started today reading just under the 161,450 tonne level.
Shanghai nickel sipped to 122,410 y/t overnight. With an official cash
price of just under the $15,000 tonne level yesterday, we are seeing
nickel trading at levels it hasn't seen since the COVID pandemic. The
holiday season begins this weekend and some of you will be on extended
breaks over the next few weeks. We
will publish on the days the London Metal Exchange's is open next
week, which according to their holiday schedule, shows them closed
for trading on Wednesday and Thursday. So we hope to see you
on Monday and have a great weekend! For those traveling or on
vacation, Merry Christmas! - Average price of LME traded cash nickel
so far this month
- $7.08/lb
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 Reports
- Reuters metals morning - Copper rebounds from 5-week low, firmer dollar caps gains - more
- Refinitiv Inside Commodities - pdf here
- SMM Daily Comments - more
- ING The Commodities Feed - daily here
- U.S. Stainless Steel Scrap Prices - more
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 Shanghai Metals Market
- SHFE Stainless Steel Futures (yuan) - more
- SHFE Nickel Futures (yuan) - more
- SHFE Inventory (updated each Friday) - more
- Shanghai Jinchuan nickel price - here
 London Metals Market
- Yesterday's
LME official prices here
- LME nickel chart - here
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Thursday's market review - Copper hits 5-week low on
selling sparked by dollar jump - Copper prices fell to five-week lows
on Thursday as the dollar jumped to near two-year peaks after the U.S.
Federal ... - more 
Electric dreams turn into a nightmare for battery metals:
Andy Home - It's been a brutal year to be in the battery metals
business. Prices of lithium, nickel and cobalt collapsed in 2023 and
have continued ... - more
Global molybdenum production and use rises in Q3 2024 -
Figures released today by the International Molybdenum Association
(IMOA) show that global production of molybdenum rose by 2% to 162.4
million ... - more
Russia’s stainless steel imports down 7.7 percent in
January-July - In the first seven months this year, Russia's stainless
steel imports totaled 258,300 mt, down by 7.7 percent compared to the
same period last year, - more
Other News
- BHP sees rising uncertainty for miners on trade as Trump returns - more
- ‘The right time’: FedEx will spin off FedEx Freight LTL unit - more
- Trump-backed spending deal fails in House, shutdown approaches - more
Economic Stats and Prices (posted in Friday edition)
- U.S. Steel Import Monitor - here
- SIMA Melt & Pour Dashboard - here
- US Economy At a Glance - more
- US Economic Indicators - more
- US Economic Activity - (every Monday) - pdf here
-
US Fed NY Weekly Economic Index - more
- FX Street Economic Calendar - more
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- Iron Ore Price Graph - 1 2 3
- India MCX Nickel Price - more
- Baltic Dry Index - chart
- COVID By The Numbers - here
- How is your state faring? - more
- What time is it in....? - more
- Euro/US Dollar chart - here
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Why Stainless Steel
- Alloyed for Lasting Value video - here
- Self Repairing for Lasting Value video - here
- 100 Years of Stainless Steel Video - here
- Stainless steel: The role of nickel - here
- The Life of Nickel - pdf here
- The Journey of Nickel - video here
- How is Stainless Steel Pipe Made - more
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 Слава Україні! - more
- Market Briefing - Commodity Prices - pdf here
- ImportYeti (free) - search here
- 5 Things You Need to Know about Class 1 & 2 and Intermediate Nickel (Transcript) - more
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