Nickel

Reuters reported on new data from China showing nickel output is at a year high of 23,668 tons.

Reuters reported on new data from China showing nickel output is at a year high of 23,668 tons.

As quoted in the market news:

Nickel production surged 33.4 percent from a month ago to hit a year high of 23,688 tonnes in June after output fell 18.4 percent to a 15-month low of 17,761 tonnes in May.

Chinese producers of nickel pig iron, a feedstock for stainless steel mills to replace refined nickel and iron ore, cut production in May as demand from top end-users, stainless steel mills, fell, while nickel prices declined.

Click here to read the full Reuters report.

MARKETS

Markets
TSX19183.63+253.15
TSXV641.95+1.57
DOW29888.78-38.29
S&P 5003674.84+8.07
NASD10798.35+152.25
ASX6433.40-41.40

COMMODITIES

Commodities
Gold1841.09+2.06
Silver21.70+0.09
Copper4.05+0.02
Palladium1863.50+13.50
Platinum939.50+7.50
Oil112.01+2.45
Heating Oil4.36+0.15
Natural Gas6.74-0.20

DOWNLOAD FREE REPORTS

×