I. Nickel news Nickel Trend: The three-month futures price of nickel on the London Metal Exchange (LME) rebounded by US$161/ton on April 21, closing at US$16,199/ton, and the spot price also hiked by US$162/ton to US$16,151.25/ton. Meanwhile, LME’s market inventory of nickel slightly increased by 131 tons to 264,646 tons. The cumulative increase in April…

China’s vast steel industry is in the midst of a conflict between economic growth and the green agenda that leads to greater challenges as President Tap Can Binh tries to clean up the world’s top carbon source. The government is pushing steel production to drop from a record more than 1 billion tons, in a…

Philip Capital mineral expert, Vikash Singh, said: “If we look at the Indian steel market, the domestic steel price is still pretty much lower than the import price. Thus, it is likely that steel prices will maintain at the current high level, or increase a little more, not decrease. Therefore, at the present time, we…

NICKEL NEWS Nickel Trend: The three-month futures price of nickel on the London Metal Exchange (LME) surged by US$173/ton on January 21, closing at US$18,395/ton, and the spot price also soared by US$178/ton to US$18,349.5/ton. The average nickel price of this month has reached US$17,825/ton, higher than the US$16,823/ton in December 2020.Finally, nickel price increased…

NICKEL NEWS Nickel Trend: The three-month futures price of nickel on the London Metal Exchange (LME) surged by US$630/ton on January 14, closing at US$18,315/ton, and the spot price also soared by US$715/ton to US$18,400/ton. The average nickel price of this month has reached US$17,580/ton, higher than the US$16,823/ton in December 2020. Finally, nickel price…