QUOTE AND NEWS
The Times of India  10 hrs ago  Comment 
ROYAL NICKEL-JOINTVENTURE/WATERTON:Canadian miner teams up with private equity firm to buy nickel assets
The Hindu Business Line  12 hrs ago  Comment 
The nickel futures contract on the Multi Commodity Exchange (MCX) is under pressure. After consolidating in a sideways range of ₹660-₹680 per kg, the contract has broken this range on the downside b...
The Economic Times  Mar 14  Comment 
At the Multi Commodity Exchange, aluminium for delivery in March edged up by 40 paise, or 0.32 per cent to Rs 124.30 per kg in business turnover of 180 lots.
WA Business News  Mar 10  Comment 
Gold and nickel miner Independence Group has expanded its presence in the Fraser Range after entering into an agreement to farm-in to Orion Gold’s tenements in the area for an initial $2 million in cash and scrip.
The Hindu Business Line  Mar 8  Comment 
The nickel futures contract on the Multi Commodity Exchange (MCX) faces strong resistance at around ₹745 a kg. This hurdle has been restricting the upside in the contract since last month. The nickel ...
The Hindu Business Line  Feb 22  Comment 
The Nickel futures contract on the Multi Commodity Exchange (MCX) rose over 2 per cent in the past week. But the contract reversed sharply lower after marking a high of ₹745 per kg on Monday and slump...
Insurance Journal  Feb 22  Comment 
Wisconsin Commissioner of Insurance Ted Nickel has appointed Charlotte Klenke to serve as chief legal counsel at the Office of the Commissioner of Insurance (OCI). Klenke previously was the associate general counsel for Schneider National Inc., in...




 
TOP CONTRIBUTORS


Nickel is a metal which is mainly used as an alloying element of stainless steel, major ingredient of brass, and for electroplating. Nickel is also used together with lanthanum in the nickel metal hydrid (NiMH) battery.[1] Nickel is highly resistant to corrosion and is widely used to create corrosion resistant alloys and is also used heavily in the electroplating process. Nickel is used with Chromium to create Nichrome, which has a high melting point and is used for the efficient conversion of electricity to heat. Annual world production was 1.4 million tonnes in 2007.[2]

The chart at left shows continuous front-month futures prices for Nickel traded on the London Metal Exchange.

Metal Exchange

Nickel is traded at the London Metal Exchange (LME).[3]

Nickel Producers

Nickel deposits are classified as either sulfide or laterite deposits. Economical viable laterite deposits are huge but with lower concentration of the ore in comparison with sulfide deposits. The primary ore associated with sulfide deposits is Millerite.[4] Biggest producers are

Key Trends and Forces

Economic Cycles

Nickel prices are reacting significant to over or undersupply of the markets with the metal. Prices peaked at more than 50,000 USD/tonne in March 2007 and subsequently declined to less than 10,000 USD/tonne in February 2009. Unprofitable mines were closed as a consequence and one of those was the new Ravensthorpe laterite mine in Australia (BHP) which was supposed to produce 50,000 tpa after full rampup.[5]

Emerging Economies

Usage of stainless steel is increasing with the growth of the economies. Average growth rate for stainless steel production in the BRIC countries was 26.3% during the years 2001-2008.[6]

Different Types Of Stainless Steel

High nickel prices initiated a switch to 200-series steels. This type of steels have 3.5-6% nickel content rather than 8-10.5% in 300-series steels.[7]

Substitution By Nickel Pig Iron

A further reaction to the high nickel prices in 2007 was the use of low grade nickel ore to create nickel pig iron as a substitute for refined nickel in China. This process is not sustainable if nickel prices are below 24,000 USD per tonne.[8]

<autowikidata/>

References

  1. Wikipedia article on Nickel
  2. International Nickel Study Group - Statistics
  3. London Metal Exchange (LME) London Metal Exchange - Standard Nickel Hub Page
  4. Environmental Sustainability Metrics for Nickel Sulphide Versus Nickel Laterite, December 2008
  5. BHP shelves Ravensthorpe, slashes 1800 jobs, January 2009
  6. Global Stainless Steel Forecast, PriceWaterhouseCoopers, January 2009
  7. Substitution of low-nickel stainless steel grades finds momentum, September 2007
  8. China Raises Nickel Pig Iron Production This Year, Juni 2007
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki