China's NPI prices retreat from all-time high; nickel ore market stable

Nickel pig iron (NPI) prices in China slid from an all-time high in the week to Friday November 5 in tandem with movements on exchanges, though tight supply amid power cuts in the country kept them supported.

Fastmarkets' price assessment for nickel pig iron, high-grade NPI content 10-15%, spot, ddp China was at 1,490-1,510 yuan ($233-236) per nickel unit last Friday, narrowing downward by 10 yuan per nickel unit from 1,490-1,520 yuan per nickel unit a week earlier.
Prices had trended upward for more than a month to reach their highest on October 22 amid robust demand from the downstream stainless steel market.

But price decreases for nickel on...

Another 'Bubble Check' for the gold sector

Gold stocks continue to hit new highs

Some mining stocks exposed to Burkina Faso take major hit

Gold stocks again hit new highs

Gold stocks reach new highs on metal price gain