| LME Nickel Daily Summary |
| LME Nickel Daily Summary 16 May 2008 |
|---|
| USD/LB | Cash | 3 Mth | 15 Mth | 27 Mth | Inventory | Volume |
|---|
| Official | $ |
11.9272
|
11.9771
|
11.8274
|
10.9543
|
49,638
|
102,024
|
|---|
| +/- |
-.0726
|
-.0885
|
-.1021
|
-.0453
|
186
|
22356
|
|---|
| Unofficial | $ |
11.9975
|
12.0542
| | | | |
|---|
| +/- |
.0703
|
.0771
| | | | |
|---|
| LME Nickel Daily Summary 16 May 2008 |
|---|
| USD/MT | Cash | 3 Mth | 15 Mth | 27 Mth | Inventory | Volume |
|---|
| Official | $ |
26,295.00
|
26,405.00
|
26,075.00
|
24,150.00
|
49,638
|
102,024
|
|---|
| +/- |
-160.00
|
-195.00
|
-225.00
|
-100.00
|
186
|
22356
|
|---|
| Unofficial | $ |
26,450.00
|
26,575.00
| | | | |
|---|
| +/- |
155.00
|
170.00
| | | | |
|---|
| LME Nickel Daily Summary 16 May 2008 |
|---|
| USD/KG | Cash | 3 Mth | 15 Mth | 27 Mth | Inventory | Volume |
|---|
| Official | $ |
26.295
|
26.405
|
26.075
|
24.150
|
49,638
|
102,024
|
|---|
| +/- |
-.160
|
-.195
|
-.225
|
-.100
|
186
|
22356
|
|---|
| Unofficial | $ |
26.450
|
26.575
| | | | |
|---|
| +/- |
.155
|
.170
| | | | |
|---|
|
|
| LME Nickel Short History |
| LME Nickel Short History USD/LB |
|---|
| Date | Cash | 3 Mth | 15 Mth | 27 Mth | Inventory | Volume |
|---|
|
16 May 08
|
11.9272
|
11.9771
|
11.8274
|
10.9543
|
49,638
|
102,024
|
|
15 May 08
|
11.9998
|
12.0656
|
11.9295
|
10.9996
|
49,452
|
79,668
|
|
14 May 08
|
12.0542
|
12.1109
|
11.9295
|
10.9656
|
49,452
|
159,960
|
|
13 May 08
|
12.1450
|
12.1994
|
12.0293
|
11.0427
|
49,734
|
91,302
|
|
12 May 08
|
12.0202
|
12.0883
|
11.9182
|
10.9543
|
50,112
|
150,696
|
|
09 May 08
|
12.1835
|
12.2674
|
12.0633
|
11.0654
|
50,898
|
135,702
|
|
08 May 08
|
12.5192
|
12.6008
|
12.3173
|
11.3081
|
51,030
|
142,020
|
|
07 May 08
|
12.8956
|
12.9501
|
12.6552
|
11.6573
|
51,234
|
149,616
|
|
06 May 08
|
12.8412
|
12.9274
|
12.6666
|
11.6573
|
51,378
|
98,646
|
|
02 May 08
|
12.5192
|
12.5963
|
12.3491
|
11.3398
|
51,420
|
86,700
|
| Avg | Cash | 3 Mth | 15 Mth | 27 Mth | | |
|---|
| May |
12.3647
|
12.4385
|
12.2221
|
11.2437
|
| |
|---|
| Apr |
13.0468
|
13.1481
|
12.8978
|
11.9310
|
| |
|---|
| LME Nickel Short History USD/MT |
|---|
| Date | Cash | 3 Mth | 15 Mth | 27 Mth | Inventory | Volume |
|---|
|
16 May 08
|
26,295.00
|
26,405.00
|
26,075.00
|
24,150.00
|
49,638
|
102,024
|
|
15 May 08
|
26,455.00
|
26,600.00
|
26,300.00
|
24,250.00
|
49,452
|
79,668
|
|
14 May 08
|
26,575.00
|
26,700.00
|
26,300.00
|
24,175.00
|
49,452
|
159,960
|
|
13 May 08
|
26,775.00
|
26,895.00
|
26,520.00
|
24,345.00
|
49,734
|
91,302
|
|
12 May 08
|
26,500.00
|
26,650.00
|
26,275.00
|
24,150.00
|
50,112
|
150,696
|
|
09 May 08
|
26,860.00
|
27,045.00
|
26,595.00
|
24,395.00
|
50,898
|
135,702
|
|
08 May 08
|
27,600.00
|
27,780.00
|
27,155.00
|
24,930.00
|
51,030
|
142,020
|
|
07 May 08
|
28,430.00
|
28,550.00
|
27,900.00
|
25,700.00
|
51,234
|
149,616
|
|
06 May 08
|
28,310.00
|
28,500.00
|
27,925.00
|
25,700.00
|
51,378
|
98,646
|
|
02 May 08
|
27,600.00
|
27,770.00
|
27,225.00
|
25,000.00
|
51,420
|
86,700
|
| Avg | Cash | 3 Mth | 15 Mth | 27 Mth | | |
|---|
| May |
27,259.55
|
27,422.27
|
26,945.00
|
24,788.18
|
| |
|---|
| Apr |
28,763.18
|
28,986.59
|
28,434.77
|
26,303.41
|
| |
|---|
| LME Nickel Short History USD/KG |
|---|
| Date | Cash | 3 Mth | 15 Mth | 27 Mth | Inventory | Volume |
|---|
|
16 May 08
|
26.295
|
26.405
|
26.075
|
24.150
|
49,638
|
102,024
|
|
15 May 08
|
26.455
|
26.600
|
26.300
|
24.250
|
49,452
|
79,668
|
|
14 May 08
|
26.575
|
26.700
|
26.300
|
24.175
|
49,452
|
159,960
|
|
13 May 08
|
26.775
|
26.895
|
26.520
|
24.345
|
49,734
|
91,302
|
|
12 May 08
|
26.500
|
26.650
|
26.275
|
24.150
|
50,112
|
150,696
|
|
09 May 08
|
26.860
|
27.045
|
26.595
|
24.395
|
50,898
|
135,702
|
|
08 May 08
|
27.600
|
27.780
|
27.155
|
24.930
|
51,030
|
142,020
|
|
07 May 08
|
28.430
|
28.550
|
27.900
|
25.700
|
51,234
|
149,616
|
|
06 May 08
|
28.310
|
28.500
|
27.925
|
25.700
|
51,378
|
98,646
|
|
02 May 08
|
27.600
|
27.770
|
27.225
|
25.000
|
51,420
|
86,700
|
| Avg | Cash | 3 Mth | 15 Mth | 27 Mth | | |
|---|
| May |
27.260
|
27.422
|
26.945
|
24.788
|
| |
|---|
| Apr |
28.763
|
28.987
|
28.435
|
26.303
|
| |
|---|
|
|
Nickel Premium
Definition: The value added to the published LME Cash
Settlement price to cover the cost of cutting, packaging,
transportation, warehousing, finance charges, and merchant profit
FOB shipping point.
|
| Nickel Premium |
Nickel Premium - Melting Grade
Spot Price - North America Warehouse - $/lb |
|---|
|
| | < TL Qty* | Full TL Qty |
|---|
| Week Ending |
|
16 May 08
|
|
09 May 08
|
|
02 May 08
|
|
25 Apr 08
|
|
18 Apr 08
|
|
11 Apr 08
|
|
04 Apr 08
|
|
28 Mar 08
|
|
21 Mar 08
|
|
14 Mar 08
|
|
| Low | High |
|
.700
|
1.500
|
|
.700
|
1.500
|
|
.700
|
1.500
|
|
.700
|
1.500
|
|
.700
|
1.500
|
|
.700
|
1.500
|
|
.700
|
1.500
|
|
.700
|
1.500
|
|
.700
|
1.500
|
|
.700
|
1.500
|
|
| Low | High |
|
.500
|
.650
|
|
.500
|
.650
|
|
.500
|
.650
|
|
.500
|
.650
|
|
.500
|
.650
|
|
.500
|
.650
|
|
.500
|
.650
|
|
.500
|
.650
|
|
.500
|
.650
|
|
.500
|
.650
|
|
Cut 4"X4" Cathode In Drums
* < TL = 5,000 - 10,000 Lbs lots |
|
Nickel Premium - Melting Grade
Spot Price - North America Warehouse - $/mt |
|---|
|
| | < TL Qty* | Full TL Qty |
|---|
| Week Ending |
|
16 May 08
|
|
09 May 08
|
|
02 May 08
|
|
25 Apr 08
|
|
18 Apr 08
|
|
11 Apr 08
|
|
04 Apr 08
|
|
28 Mar 08
|
|
21 Mar 08
|
|
14 Mar 08
|
|
| Low | High |
|
1,543.234
|
3,306.930
|
|
1,543.234
|
3,306.930
|
|
1,543.234
|
3,306.930
|
|
1,543.234
|
3,306.930
|
|
1,543.234
|
3,306.930
|
|
1,543.234
|
3,306.930
|
|
1,543.234
|
3,306.930
|
|
1,543.234
|
3,306.930
|
|
1,543.234
|
3,306.930
|
|
1,543.234
|
3,306.930
|
|
| Low | High |
|
1,102.310
|
1,433.003
|
|
1,102.310
|
1,433.003
|
|
1,102.310
|
1,433.003
|
|
1,102.310
|
1,433.003
|
|
1,102.310
|
1,433.003
|
|
1,102.310
|
1,433.003
|
|
1,102.310
|
1,433.003
|
|
1,102.310
|
1,433.003
|
|
1,102.310
|
1,433.003
|
|
1,102.310
|
1,433.003
|
|
Cut 4"X4" Cathode In Drums
* < TL = 5,000 - 10,000 Lbs lots |
|
Nickel Premium - Melting Grade
Spot Price - North America Warehouse - $/kg |
|---|
|
| | < TL Qty* | Full TL Qty |
|---|
| Week Ending |
|
16 May 08
|
|
09 May 08
|
|
02 May 08
|
|
25 Apr 08
|
|
18 Apr 08
|
|
11 Apr 08
|
|
04 Apr 08
|
|
28 Mar 08
|
|
21 Mar 08
|
|
14 Mar 08
|
|
| Low | High |
|
1.543
|
3.307
|
|
1.543
|
3.307
|
|
1.543
|
3.307
|
|
1.543
|
3.307
|
|
1.543
|
3.307
|
|
1.543
|
3.307
|
|
1.543
|
3.307
|
|
1.543
|
3.307
|
|
1.543
|
3.307
|
|
1.543
|
3.307
|
|
| Low | High |
|
1.102
|
1.433
|
|
1.102
|
1.433
|
|
1.102
|
1.433
|
|
1.102
|
1.433
|
|
1.102
|
1.433
|
|
1.102
|
1.433
|
|
1.102
|
1.433
|
|
1.102
|
1.433
|
|
1.102
|
1.433
|
|
1.102
|
1.433
|
|
Cut 4"X4" Cathode In Drums
* < TL = 5,000 - 10,000 Lbs lots |
| |
|
LME Nickel Price Charts
(Click on any chart to publish it on your website)
|
| LME Nickel Prices 30 Day |
LME Nickel Prices 60 Day |
 |
 |
| LME Nickel Prices 90 Day |
LME Nickel Prices 6 Month |
 |
 |
| LME Nickel Prices 1 Year |
LME Nickel Prices 2 Year |
 |
 |
| LME Nickel Prices 3 Year |
LME Nickel Prices 5 Year |
 |
 |
Nickel Information and Statistics from the USGS
Nickel is vital to the stainless
steel industry and has played a key role in the
development of the chemical and aerospace
industries. Furthermore, through the use of nickel,
the sophisticated industrial complexes that provide
our high standard of living and superior military
technology and armament are made possible. Nickel's
greatest value is in alloys with other elements,
where it adds strength and corrosion resistance over
a wide range of temperatures.
Nickel is primarily sold for first
use as refined metal (cathode, powder, briquet,
etc.) or ferronickel. About 65% of the nickel
consumed in the Western World is used to make
austenitic stainless steel. Another 12% goes into
superalloys (e.g., Inconel 600) or nonferrous alloys
(e.g., cupronickel). Both families of alloys are
widely used because of their corrosion resistance.
The aerospace industry is a leading consumer of
nickel-base superalloys. Turbine blades, discs and
other critical parts of jet engines are fabricated
from superalloys. Nickel-base superalloys are also
used in land-based combustion turbines, such those
found at electric power generation stations. The
remaining 23% of consumption is divided between
alloy steels, rechargeable batteries, catalysts and
other chemicals, coinage, foundry products, and
plating. The principal commercial chemicals are the
carbonate (NiCO3),
chloride (NiCl2), divalent oxide (NiO), and sulfate
(NiSO4). In aqueous solution, the divalent nickel
ion has an emerald-green color.
Nickel (Ni) is a
transition element that exhibits a mixture of
ferrous and nonferrous metal properties. It is both
siderophile (i.e., associates with iron) and
chalcophile (i.e., associates with sulfur). The bulk
of the nickel mined comes from two types of ore
deposits: laterites
where the principal ore minerals are
nickeliferous limonite [(Fe,Ni)O(OH)] and
garnierite (a hydrous nickel silicate), or magmatic
sulfide deposits where the principal ore
mineral is pentlandite [(Ni,Fe)9S8].
The ionic radius of
divalent nickel is close to that of divalent iron
and magnesium, allowing the three elements to
substitute for one another in the crystal lattices
of some silicates and oxides. Nickel sulfide
deposits are generally associated with iron- and
magnesium-rich rocks called ultramafics and can be
found in both volcanic and plutonic settings. Many
of the sulfide deposits occur at great depth.
Laterites are formed by the weathering of ultramafic
rocks and are a near-surface phenomenon. Most of the
nickel on Earth is believed to be concentrated in
the planet's core.
Domestic Production and Use: The United
States did not have any active nickel mines in 2007.
Limited amounts of byproduct nickel were recovered
from copper and palladium-platinum ores mined in the
Western United States. On a monthly or annual basis,
111 facilities reported nickel consumption. The
principal consuming State was Pennsylvania, followed
by Kentucky, West Virginia, and North Carolina.
Approximately 52% of the primary nickel consumed
went into stainless and alloy steel production, 34%
into nonferrous alloys and superalloys, 10% into
electroplating, and 4% into other uses. End uses
were as follows: transportation, 30%; chemical
industry, 15%; electrical equipment, 10%;
construction, 9%; fabricated metal products, 8%;
household appliances, 8%; petroleum industry, 7%;
machinery, 6%; and other, 7%. Estimated value of
apparent primary consumption was $4.19 billion.
|
Salient Statistics --
United States |
|
(All data in
metric tonnes unless noted otherwise) |
| |
2003 |
2004 |
2005 |
2006 |
2007e |
|
Shipments of Purchased Scrap1 |
137,000 |
133,000 |
| | | |
