nuno.figueiroa
06 Jan 2020
LME Nickel Stocks China nickel downstream activity improved in December **Feature 12:15
3PM Source:SMM ** SHANGHAI, Jan 6 (SMM) – Manufacturing activities across nickel downstream sectors in China recovered from a month ago in December but remained in contraction for the ninth consecutive month, according to SMM survey. SMM data showed that the purchasing managers’ index (PMI) for downstream nickel industries, including stainless steel, galvanising, alloy and battery, stood at 49.51 in December, up 3.76 from November. A reading below 50 indicates contraction. For January, prospects for lingering weakness in the nickel downstream sectors sent the preliminary PMI to 47.06, down 2.45 from December, SMM assessed. **Last month, the sub-index for production held up better than expected, standing 4.5 higher from a month earlier at 45.94, driven by ramped-up production of #300 stainless steel as orders improved at major producers after their output cuts in November. ** **Prices of nickel and stainless steel stabilised in December after previous losses, prompting traders and downstream buyers to resume purchasing. This lifted the sub-index for new orders in the stainless steel sector to 52.36, up 10.71 from the finalised reading in November. ** According to SMM data, the overall sub-index for new orders across downstream nickel sectors was also in expansion territory, up 7.95 on the month to 51.17, beating expectations of 41.04. **The overall sub-index for raw materials inventories rebounded significantly from 48.25 in November, to 55.65 in December, as stainless steel producers stockpiled actively on falling feedstock prices. ** **Downstream galvanising plants also reported elevated raw materials stocks on the back of frontloading demand before the Chinese New Year holiday. Battery producers also stepped up purchasing feedstock for production during the holiday. ** **The overall sub-index for finished products stocks, however, flipped to a contraction in December, standing 2.32 lower from a month ago at 47.74. ** Cash-in inclination at year-end pushed stainless steel producers to clear inventories. This, coupled with a pickup in downstream procurement, accounted for the decline in finished products inventories. SOURCE SMM
nuno.figueiroa
06 Jan 2020
LME Nickel Stocks [link]
nuno.figueiroa
06 Jan 2020
LME Nickel Stocks the Guardian – 5 Jan 20 Cutting battery industry's reliance on cobalt will be an uphill task Electric cars and consumer electronics use mineral mined in exploitative conditions in Congo
nuno.figueiroa
04 Jan 2020
LME Nickel Stocks www-argusmedia-com.cdn.ampproject.org – 3 Jan 20 EU green deal could transform metals demand The EU's green deal climate policy could transform demand for metals used in technology and green applications, with some benefiting and some losing out.
nuno.figueiroa
04 Jan 2020
LME Nickel Stocks argusmedia.com – 3 Jan 20 Viewpoint: US stainless enters 2020 under pressure Consumer nickel discounts and the European ferro-chrome benchmark will likely weigh on authentic stainless steel scrap prices in early 2020.
nuno.figueiroa
04 Jan 2020
LME Nickel Stocks New Scientist A new battery could keep your phone charged for five days An ultra-high capacity lithium-sulphur battery that could keep a smartphone charged for five days may pave the way for cheaper electric cars
nuno.figueiroa
04 Jan 2020
LME Nickel Stocks phys.org Sustainable supply of minerals and metals key to a low-carbon energy future The global low-carbon revolution could be at risk unless new international agreements and governance mechanisms are put in place to ensure a sustainable supply of rare minerals and metals, a new academic study has warned.
nuno.figueiroa
04 Jan 2020
LME Nickel Stocks LME data week from December 30 to January 3 2020 Live Warrants started the week at 117.300 (81.9%) and ended 129.222 (82.63%) at Cancelled Warrants started the week at 25.890 (18.1%) and ended at 27.156 (17,37%) Opening Stocks are now at 156.378, +13.188 this week
nuno.figueiroa
03 Jan 2020
LME Nickel Stocks [link]
nuno.figueiroa
03 Jan 2020
LME Nickel Stocks RNZ – 3 Jan 20 Union rejects restructure of nickel company in New Caledonia A New Caledonian union has rejected the planned restructure of the Brazilian-owned Vale nickel company.
nuno.figueiroa
03 Jan 2020
LME Nickel Stocks [link]
TrickyDickyTwo
03 Jan 2020
LME Nickel Stocks Nuno This was posted by RedLee over on iii. Worth listening to IMO. TDT
nuno.figueiroa
02 Jan 2020
LME Nickel Stocks [link]
TrickyDickyTwo
02 Jan 2020
LME Nickel Stocks Nuno That doesn’t come as any great surprise. 2019 got off to a cracking start but it was all downhill from there on, especially. TDT
nuno.figueiroa
02 Jan 2020
LME Nickel Stocks InsideEVs Global EV Sales In November 2019: Down 26% Year-Over-Year The global plug-in electric car sales were declining in November at a similar rate as in October, which is caused mostly by the big drop in China.
