The London Metal Exchange has unveiled a series of proposals which, if successful, could accomplish what it failed to achieve close to a decade ago: bringing the investment community into the fold.

Market participants are converging on Bali in Indonesia for the Fastmarkets International Critical Minerals & Metals Summit (ICMMS) on September 5 and 6, so ahead of the event, we capture the main themes facing the global nickel market.

China’s nickel sulfate prices have been consolidating within the range of 26,000-27,500 yuan ($3,653-3,863) per tonne in the past few weeks, with no signs of a clear direction, sources told Fastmarkets.

Société Générale is leaving the London Metal Exchange ring trading floor to move to Category II membership.

Fastmarkets will amend its MB-NI-0246 nickel sulfate, cif Japan and Korea, $/tonne and its MB-NI-0247 nickel sulfate premium, cif Japan and Korea, $/tonne price assessments from a single price to a range as of the assessment on Friday August 23.

Read Fastmarkets' monthly battery raw materials market update for August 2024, focusing on raw materials including lithium, cobalt, nickel, graphite and more

Fastmarkets proposes to amend its MB-NI-0256 nickel low-carbon briquette premium, cif global to include all shapes of Class 1 nickel metal.

China’s nickel sulfate prices dipped for a second consecutive week on Friday July 26 amid slow buying, while the global nickel sulfate price posted a third weekly decline on the falling London Metal Exchange nickel cash price

Copper market price speculation is driving the base metals narrative, head of research at UK-based services provider Sucden Financial Daria Efanova said during the company’s third-quarter metals webinar on Wednesday July 17.

Fastmarkets proposes to amend its MB-NI-0246 nickel sulfate, cif Japan and Korea, $/tonne price and MB-NI-0247 nickel sulfate premium, cif Japan and Korea, $/tonne from a single price to a range.