Stephen Docor

China Tweaks Nickel Import Taxes to Favor Electric Vehicles

(31 January 2018) ONDON (Reuters) – A combination of surging China imports, tighter supplies and fund interest are expected to sustain prices of stainless steel ingredient nickel, which have reached their highest level in more than two years. Benchmark nickel on the London Metal Exchange hit $14,040 a tonne on Monday, the highest since May […]

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Dollar, PMIs, Futures Curve Imply Nascent Commodity Bull Market

(24 January 2018) Bloomberg Intelligence – Primary pillars of higher commodity prices are strengthening on the back of the weaker dollar. Solidifying the potential for a longer-term peak, the Bloomberg Dollar Spot Index four-year low reached on Jan. 24 coincides with a seven-year high in the JPMorgan Global Manufacturing PMI and the narrowest commodities contango […]

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LME nickel, lead, zinc prices set multi-year highs on plummeting dolla

(24 January 2018) Metal Bulletin – Base metals prices on the London Metal Exchange put in a strong performance on the afternoon of Wednesday January 24, supported by the weaker dollar, to close in positive territory across the board. The three-month nickel price ended more than 5% higher than Tuesday’s closing price after hitting its […]

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Inner Mongolia NPI plants maintenance reduces output in Jan

(24 January 2018) Three nickel pig iron (NPI) plants in Inner Mongolia were set to be suspended for maintenance this month due to aging facilities, SMM learned. We estimate about 1,250 mt of nickel output will be lost, accounting for 4% of China’s high-grade NPI output. SMM forecast China’s high-grade NPI output to drop 8% […]

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Flash: Indonesia earthquake sees no impact on NPI output

(24 January 2018) SHANGHAI, Jan 23 (SMM) – The 6.4 magnitude earthquake that hit Indonesia today had no impact on the three nickel pig iron (NPI) plants in Banten as they were in suspension, SMM understood. In addition, there is no operating nickel ore mine in the region. https://news.metal.com/newscontent/100777981/flash%3a-indonesia-earthquake-sees-no-impact-on-npi-output

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What to Watch in Commodities: Davos, Global Steel, Wheat, Copper

(24 January 2018) Bloomberg – These are heady times for the steel industry, aided by a global economy that’s humming along, buoyant prices, and policy makers in top producer China acting to rein in exports by curbing local supply. Investors can look forward to a procession of healthy earnings reports, with South Korea’s Posco turning […]

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President Duterte and Russia Prime Minister Medvedev witness signing of agreement between FNI and Vi Holding

Manila, Philippines/ November 13, 2017. Philippine President Rodrigo Roa Duterte and Russian Federation Prime Minister Dmitry Medveded witnessed today the signing of an agreement between Global Ferronickel Holdings, Inc. (FNI) and Vi Holding LLC, a member of an international investment and industrial group of companies from Russia with interests in mineral exploration and processing, real […]

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Nickel: Jumping the gun – ANZ

(25 October 2017)  “In the 28th MICC meeting held on 24 October 2017, wherein a quorum was… present… majority of… MICC members voted to recommend a change in the policy of the DENR with regard to Department Administrative Order (DAO) 2017-10, particularly: that the DENR lift the ban on open-pit mining provided that mining laws […]

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End open-pit mining ban — MICC

(25 October 2017)  “In the 28th MICC meeting held on 24 October 2017, wherein a quorum was… present… majority of… MICC members voted to recommend a change in the policy of the DENR with regard to Department Administrative Order (DAO) 2017-10, particularly: that the DENR lift the ban on open-pit mining provided that mining laws […]

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FNI completes 2017 shipment of 6 million wet metric tons of nickel ore

Manila, Philippines/ October 30, 2017. FNI today announced the completion of full-year shipment of its subsidiary Platinum Group Metals Corporation (PGMC). Volume shipped totaled 5.970 million wet metric tons (WMT) or 109 vessels of nickel ore in 2017. This compares to 4.309 million WMT shipped in 2016 and 5.352 million WMT in 2015. “Over the […]

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STOCK QUOTES PSE: FNI (As of Sep 4, 2017) OPEN: 0.00 HIGH: 0.00 LOW: 0.00 CLOSE: 0.00 CHANGE: 0.00 (0.00%) VOLUME: 0