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… Read More >>
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… Read More >>
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… Read More >>
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%… Read More >>
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 Read More >>
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… Read More >>
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… Read More >>
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… Read More >>
Base Metals Extend Best Rally in Three Years on Growth Optimism
(21 August 2017) Industrial metals extended their longest weekly rally in three years, with nickel pacing gains and zinc reaching the highest in almost a decade as investors grew more optimistic about the outlook for supply and demand. Sumitomo Metal Mining Co., Japan’s top nickel producer, widened its deficit forecast to 51,000 tons this year,… Read More >>
Metallic Production Value Sustains Growth in H1 2017
(17 August 2017) Total metallic production value sustained its growth in H1 2017 with a 4.28% or PhP2.08 billion gain, from PhP48.73 billion in H1 2016 to PhP50.81 billion. In terms of contribution to the total metallic value, gold still ruled over the other metals, accounting for 45.04%, or PhP22.89 billion. Nickel direct shipping ore… Read More >>
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