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Nickel – Aluminum – Copper: Russian invasion of Ukraine will impact supply
Russia's invasion of Ukraine is expected to have a significant impact on global aluminum supply and prices, while the news sent nickel prices on the Shanghai Futures Exchange to an all-time high on February 24. The most actively traded nickel contract on the Shanghai...
Nickel: price hits decade highs as tensions in Ukraine fuel concerns
Nickel rose to $25,130 a tonne for the first time since 2011, extending a rally driven by falling global inventories and concerns that tensions in Ukraine could disrupt supplies from key producer Russia. The metal, used in stainless steel and rechargeable batteries,...
Iron ore: China prevents excessive stockpiling to cool prices
Chinese authorities will prevent excessive accumulation of iron ore and guide businesses to ensure that traders bring inventories back to a reasonable level as soon as possible. The decision follows a conference organized by the National Development and Reform...
Nickel: Vale puts Sudbury mine back into production
The Totten mine, in Sudbury, Canada, has resumed operations and is ramping up production after a six-month shutdown. In September of last year, an accident trapped 39 workers. Although the shutdown and restart of operations did not impact the production guidance of...