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September 2021 Nickel & Surcharge Update

September 2021 Update


Thanks for reading the Ram Alloys Monthly Nickel and 316L s/c update, intended to help our valued customers make educated business decisions.

316L s/c Hits 10 Year High...AGAIN:

  • September 101` 316L s/c = $1.51/lb.
    • Although October is projecting flat, we expect more increases in November and December



Current Takenickel projections Jan


August average Ni price remained steady; however, drastic decrease in Ni stock will result in rising Ni prices.  See charts below.  In theory, a drop in Ni stock indicates strong Ni demand.  That said; its questionable, at best, that traditional economics apply in today's world.

Small positive for historically high prices: it drives mining investment.  See article below.  Additional supply should curb future inflation, and possibly spectator manipulation.

Molybdenum Spit Price update:

  • Pricing has not only rebounded, it's surging.

Metal users again petition for section 232 relief.  Although the current Administration has their hands full, a trade deal with historically strong allies could a much needed PR boost.


Yearly/Monthly 316L s/c and Ni Charts



Ni Price v. Ni Stock Comparison 




30 Day Molybdenum Bull Run



Industry News  

Click the links to read each article:


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316L s/c Hits 10 Year High...AGAIN: