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Cobalt metal sustains price rally; longer-term oversupply challenges loom
Prices for cobalt metal have witnessed a sustained rally and recovery in recent weeks, after hitting lows at the beginning of the year, even while market participants see challenging conditions on the supply side in the longer term
March 22, 2023
·
By Justin Yang
Insights
Access World and the non-nickel stones | Hotter Commodities
Glencore’s Gary Nagle might have spoken too soon when he said that his company wouldn’t be hit by a nickel fraud similar to that seen by its rival, Trafigura
March 20, 2023
·
By Andrea Hotter
Insights
European nickel uncut cathode and briquette premiums rise but premiums steady elsewhere
Continued tightness of class one supply within Europe and increased buying interest amid falling London Metal Exchange nickel prices and fresh liquidity have prompted an increase in premiums within Europe, while US and Chinese premiums remain steady for now
March 16, 2023
·
By the Fastmarkets team, Callum Perry, Yiwen Ju, Ian Templeton, Dylan Duan
Insights
Chinese NPI prices continue to slide on increased supplies from Indonesia
The decline in China’s nickel pig iron (NPI) prices continued for a fourth consecutive week on Friday March 10, with units from Indonesia boosting supplies and prices falling to their lowest levels since September 2, 2022
March 14, 2023
·
By Dylan Duan
Insights
Aurubis starts construction of plant to extract copper and nickel from recycled material, bleed
German multi-metal recycling giant Aurubis began construction of its bleed treatment plant in Olen, Belgium, the company said on Tuesday March 7
March 8, 2023
·
By Yasemin Esmen
Insights
UK Financial Conduct Authority opens investigation into LME’s March 2022 suspension of nickel futures
The UK's Financial Conduct Authority (FCA) has opened an enforcement investigation into the London Metal Exchange’s “conduct, systems and controls” related to nickel futures trading
March 6, 2023
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By Yiwen Ju
Insights
UK regulator FCA steps up its nickel investigation
Almost a year after the London Metal Exchange temporarily suspended trading in its nickel contract, it has become the subject of the first enforcement investigation of a UK exchange by its regulator
March 6, 2023
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By Andrea Hotter
Insights
BHP calls for ‘long overdue’ reform of LME metal delivery rules
Australian mining giant BHP has added to the growing industry pressure on the London Metal Exchange to reform its benchmark nickel price to make it more reflective of the physical market
February 24, 2023
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By Callum Perry
Insights
Ford’s new LFP plant marks expansion of chemistry in NCM-dominant US market
US automotive manufacturer Ford’s announcement that it would invest $3.5 billion to build a lithium iron phosphate (LFP) plant in the US state of Michigan marks the chemistry’s adoption in a nickel cobalt manganese (NCM) dominated market
February 20, 2023
·
By Justin Yang
Insights
Trafigura faces alleged nickel swindle | Hotter on metals
Global commodities trader Trafigura is suing Indian businessman Prateek Gupta and companies connected with him after discovering an allegedly elaborate scheme of nickel fraud
February 16, 2023
·
By Andrea Hotter
Insights
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