Nikkei index jumps more than 10% upwards on Tuesday – Stainless Espresso

Aug 6, 2024 | Stainless Espresso

6 August 2024 – The Japanese Nikkei 225 Index jumped by more than 10% on Tuesday. Many other stock indices also showed a very favourable trend today. High-grade nickel reserves in Indonesia to be depleted in around 13 years – Indonesian government suspends...

NPI prices continue to rise due to robust demand – Stainless Espresso

Aug 5, 2024 | Stainless Espresso

5 August 2024 – Despite what we see as a consolidation of the stock markets, nickel pig iron (NPI), an important raw material for stainless steel production, is robust and continues to show a clear upward trend. And the EU CBAM authority is once again proving...

Indonesian nickel ore and NPI prices have risen strongly since start of the year – Stainless Espresso

Aug 2, 2024 | Stainless Espresso

2 August 2024 – Prices for nickel ore and NPI from Indonesia have risen significantly since the beginning of the year. Prices have risen by almost 50%, particularly for laterite nickel ore with a high nickel content. And a turnaround in key interest rates in...

Nickel prices in Asia rose again on Thursday – Stainless Espresso

Aug 1, 2024 | Stainless Espresso

1 August 2024 – Asian nickel futures rose again today, Thursday. Nickel prices on the Chinese spot markets are also continuing their rise. And a first interest rate cut by the US Federal Reserve is approaching and is expected in September. Source

APNI announces Indonesia Metals Exchange for 2025 – Stainless Espresso

Jul 31, 2024 | Stainless Espresso

31 July 2024 – The Indonesian Nickel Miners Association (APNI) yesterday announced the launch of an Indonesia Metals Exchange (IME). Nickel prices react with jumps of more than 5.5% to APNI announcement. And an expected decline in stainless steel prices in Asia...