Monthly Metal Review

Nickel / Cobalt & Lithium

In London, Nickel decreased to US$ 3.96 per lb, while cobalt min. 99.3% was 10.40% lower at 11.20 per lb this month.
China’s nickel imports increased 2.2 percent on-month in September. China imported 3.99 million tonnes of nickel ore and concentrates in September, a 2.2-percent on-month hike but a 14.4-percent on-year decrease, Chinese customs data show. Some 3.85-million tonnes of laterite ore were imported from the Philippines, largely unchanged on-month and a drop of 15 percent on-year. The decrease re-sulted from Chinese NPI mills’ production cuts.
Makati City, Philippines, based DMCI Min-ing Corporation is planning to export 2.5 million wet metric tonnes (WMT) of nickel ore next year. The export plan would mark a 56-percent on-year shipping increase.
A Chinese effort to blend imported refined nickel with Chinese nickel pig iron to make a higher-quality NPI allegedly ended in failure this summer. A media report said a major Chinese NPI firm obtained thousands of tonnes of Rusian nickel and ferro-nickel at a favourable price, aiming to make a more-profitable NPI mix. The effort reportedly failed for metallurgical reasons.
The Shanghai Futures Exchange boosted nickel warehouse capacity from 40,000 to 70,000 tonnes. Speak-ing at a nickel-cobalt forum in Hangzhou, a SHFE official said warehouse expansion completed in late October.
Canada’s Baja Mining delayed starting cobalt-metal output at the delay-plagued Boleo project in Mexico on processing-system problems. Production was to begin on the Baja California peninsula in November, with projected output of some 2,200 tonnes yearly. Boleo management said a long-term mine plan will be prepared before Janu-ary. Zinc-sulphate production is planned for December; copper output is still ramping up from a January start. South Korea’s state-owned Kores has a 90-percent Boleo stake.
LME Nickel stocks decreased from 422,844 to 408,360 tonnes in November.

Daily Prices

December 2015

Copper
Date(Fix.) ($/MT)
Average 4629.00
31-12-2015 4702
30-12-2015 4715
29-12-2015 4685
24-12-2015 4665.5
23-12-2015 4680
22-12-2015 4672.5
21-12-2015 4691
18-12-2015 4650
17-12-2015 4550
16-12-2015 4583
15-12-2015 4586
14-12-2015 4640
11-12-2015 4667
10-12-2015 4572
09-12-2015 4620
08-12-2015 4567.5
07-12-2015 4592.5
04-12-2015 4637
03-12-2015 4525
02-12-2015 4589
01-12-2015 4619
Silver
Date(Fix.) ($/OZ)
Average 14.05
31-12-2015 13.82
30-12-2015 13.82
29-12-2015 13.93
24-12-2015 14.2
23-12-2015 14.33
22-12-2015 14.24
21-12-2015 14.2
18-12-2015 13.82
17-12-2015 14.08
16-12-2015 13.74
15-12-2015 13.74
14-12-2015 13.71
11-12-2015 13.92
10-12-2015 14.17
09-12-2015 14.27
08-12-2015 14.24
07-12-2015 14.49
04-12-2015 14.13
03-12-2015 13.93
02-12-2015 14.14
01-12-2015 14.21
PM MEAN AM Gold
Date(Fix.) ($/OZ)
Average 1068.32
31-12-2015 1062.25
30-12-2015 1067.8
29-12-2015 1067.25
24-12-2015 1071.9
23-12-2015 1071.5
22-12-2015 1077
21-12-2015 1071.15
18-12-2015 1055.25
17-12-2015 1065.85
16-12-2015 1065.75
15-12-2015 1069.15
14-12-2015 1068
11-12-2015 1067.2
10-12-2015 1072
09-12-2015 1078.4
08-12-2015 1071.75
07-12-2015 1082.7
04-12-2015 1063
03-12-2015 1050.6
02-12-2015 1066.9
01-12-2015 1069.25
Date(Fix.) ($/OZ)
Average 1068.23
31-12-2015 1062.25
30-12-2015 1063.9
29-12-2015 1068.675
24-12-2015 1071.9
23-12-2015 1069.875
22-12-2015 1075.95
21-12-2015 1074.95
18-12-2015 1058.875
17-12-2015 1057.625
16-12-2015 1070.5
15-12-2015 1065.325
14-12-2015 1068.125
11-12-2015 1069.85
10-12-2015 1071.5
09-12-2015 1079.7
08-12-2015 1071.925
07-12-2015 1079.25
04-12-2015 1071.125
03-12-2015 1053.025
02-12-2015 1061.15
01-12-2015 1067.325
Date(Fix.) ($/OZ)
Average 1068.14
31-12-2015 1062.25
30-12-2015 1060
29-12-2015 1070.1
24-12-2015 1071.9
23-12-2015 1068.25
22-12-2015 1074.9
21-12-2015 1078.75
18-12-2015 1062.5
17-12-2015 1049.4
16-12-2015 1075.25
15-12-2015 1061.5
14-12-2015 1068.25
11-12-2015 1072.5
10-12-2015 1071
09-12-2015 1081
08-12-2015 1072.1
07-12-2015 1075.8
04-12-2015 1079.25
03-12-2015 1055.45
02-12-2015 1055.4
01-12-2015 1065.4
Lead
Date(Fix.) ($/MT)
Average 1701.29
31-12-2015 1802
30-12-2015 1788
29-12-2015 1763
24-12-2015 1747
23-12-2015 1735
22-12-2015 1720
21-12-2015 1719
18-12-2015 1669
17-12-2015 1635
16-12-2015 1676
15-12-2015 1714.5
14-12-2015 1712.5
11-12-2015 1717.5
10-12-2015 1684
09-12-2015 1709
08-12-2015 1670
07-12-2015 1686
04-12-2015 1669
03-12-2015 1641
02-12-2015 1639
01-12-2015 1630.5
Zinc
Date(Fix.) ($/MT)
Average 1522.10
31-12-2015 1600
30-12-2015 1592.5
29-12-2015 1559
24-12-2015 1535.5
23-12-2015 1522
22-12-2015 1504.5
21-12-2015 1503.5
18-12-2015 1498
17-12-2015 1461.5
16-12-2015 1480
15-12-2015 1499.5
14-12-2015 1524
11-12-2015 1532.5
10-12-2015 1502
09-12-2015 1521.5
08-12-2015 1494
07-12-2015 1537.5
04-12-2015 1529
03-12-2015 1505.5
02-12-2015 1531
01-12-2015 1531
Tin
Date(Fix.) ($/MT)
Average 14702.38
31-12-2015 14600
30-12-2015 14655
29-12-2015 14595
24-12-2015 14650
23-12-2015 14725
22-12-2015 14650
21-12-2015 14560
18-12-2015 14675
17-12-2015 14660
16-12-2015 14755
15-12-2015 14600
14-12-2015 14580
11-12-2015 14600
10-12-2015 14450
09-12-2015 14600
08-12-2015 14505
07-12-2015 14880
04-12-2015 14860
03-12-2015 14775
02-12-2015 15200
01-12-2015 15175
Nickel
Date(Fix.) ($/MT)
Average 8692.14
31-12-2015 8665
30-12-2015 8610
29-12-2015 8560
24-12-2015 8590
23-12-2015 8650
22-12-2015 8700
21-12-2015 8710
18-12-2015 8655
17-12-2015 8605
16-12-2015 8675
15-12-2015 8650
14-12-2015 8565
11-12-2015 8655
10-12-2015 8530
09-12-2015 8725
08-12-2015 8580
07-12-2015 8940
04-12-2015 9025
03-12-2015 8760
02-12-2015 8845
01-12-2015 8840
Cobalt
Date(Fix.) ($/MT)
Average 24235.24
31-12-2015 24000
30-12-2015 24590
29-12-2015 24700
24-12-2015 24900
23-12-2015 24500
22-12-2015 24500
21-12-2015 24900
18-12-2015 24500
17-12-2015 24600
16-12-2015 24500
15-12-2015 23500
14-12-2015 23500
11-12-2015 23000
10-12-2015 23500
09-12-2015 24500
08-12-2015 24500
07-12-2015 24000
04-12-2015 24500
03-12-2015 24250
02-12-2015 24000
01-12-2015 24000