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0 MT · Daily LME Report

LME Nickel Stocks nochange 0 MT to 278,238 MT

Happy Monday

Indications

The information listed below is provided free of charge. Although this information is believed to be accurate and reliable, it is aggregated from several sources and thus cannot be guaranteed.

Nickel 3 month $7.03

Cash Last $6.95

Euro 1.121

Yen 157.87

gold $3899.26

silver $49.98

Copper LME $6.517

Copper Comex $6.49

Cobalt $ 23.50 - 16.50

Zinc $ 1.788

Tin $ 22.17

Crude $102.95 up .03%

Dow Jones down 1.09%

FTSE 100 down .22%

Dax down .11%

Hang Seng up .42%

Nikkei down .33%

U.S. Dollar index 101.61

Quote of the Day

Anyone who keeps the ability to see beauty never grows old.
— Franz Kafka

Word of the Day

The adjective Pyrrhic describes something that is achieved at an excessive cost. It is usually used to describe a victory, a Pyrrhic victory being one that is not worth winning because so much is lost to achieve it.
 
// The basketball team’s comeback in the final minutes turned out to be a Pyrrhicvictory as the star center injured her ankle.
 
 

 

Trivia

In what year was the first iPhone released?
Answer: at bottom of page under good read.

News of Interest

  • Markets: Nothing takes over a conversation like politics, which is probably good for tech stocks, sine they’d rather you focus on tomorrow’s US midterm elections than their red October.  > US stock markets close lower (S&P 500 -1.8%, Dow -1.1%, Nasdaq -2.9%) amid tech sell-off, after earnings misses reported by Amazon and Alphabet.

🗳️ Federal judge dismissed Trump’s attempt to preemptively block AK vote certification. Last week, following a New York Times investigation that found the Senate campaign of Democrat Mary Peltola recruited Dan J. Sullivan, who has the same name as the Republican incumbent Peltola is challenging, to run as an independent, the Trump administration preemptively filed a lawsuit to block certification of the vote if the incumbent Sullivan lost. The White House also wanted to separate and preserve ballots cast for Dan J. Sullivan, arguing they may have been cast in error. US District Judge Sharon Gleason dismissed the suit yesterday, saying that it violates Alaskans’ right to a secret ballot. Shortly after the ruling, the Department of Justice appealed.

🇮🇱 Israeli election officials say results will stand despite Netanyahu’s claims of interference. Yesterday, government officials said that Israel’s election results would stand, despite Prime Minister Benjamin Netanyahu’s Likud party alleging that the nation’s elections were “stolen” by Arab-majority parties that launched “an attack on democracy aimed at leading to a foreign takeover of the Knesset.” Israel’s Arab-majority parties had their highest turnout ever in last week’s election, and won 19 of 120 seats in the Knesset (parliament). The victories are why Likud lost its majority and why it can’t now form a government. The head of Israel’s elections committee said, “Our position is that even if the suspicions are substantiated, this would not undermine the integrity of the electoral process or the election results as a whole.”

 

October jobs report: The job market has been stuck in low-hire, low-fire mode for the past few years, and analysts aren’t expecting the lid to blow off when October data is released on Friday. But expectations are that it will be a better month than September, when the US economy added only 29,000 jobs, falling short of expectations.

Tern-ing to earnings: Apple—which once again became the world’s most valuable company on Friday (take that, Nvidia)—reports earnings today, marking the first time that John Ternus will lead an earnings call as CEO. Tech company Palantir is also set to deliver results after today’s closing bell. Then, AMD, Shopify, Pfizer, and Yum! Brands will report tomorrow, followed by Arm, Toyota, Qualcomm, McDonald’s, Novo Nordisk, and Uber on Wednesday. We’ll hear from ConocoPhillips, Sony, and Airbnb on Thursday. Then, Moderna, Humana, and Honda are scheduled to report on Friday.

 

  • A Learjet with nine people crashed yesterday afternoon in Palm Beach County, FL, killing everyone on board.
  • Congresswoman Haley Stevens, a Democrat from Michigan, endorsed Republican Mike Rogers for senator. Rogers is the rival of Democrat Abdul El-Sayed, who bested Stevens in the Democratic primary.

German Protests Turn Violent

Over 100,000 people joined protests across 34 German cities over the weekend. The Gen Z-led marches began as peaceful demonstrations, but some took violent turns, leaving more than 100 police officers injured. More than 50 people were arrested. 

Youth group Gen Z Regelt, translated as “Gen Z Takes Charge,” organized Saturday’s gatherings to demand increased funding for education, housing, and climate protection. Protesters also spoke out against mandatory military service, a measure German officials may reinstate if voluntary recruitment fails to expand the armed forces to 260,000 active personnel by 2035. In several major cities, demonstrations descended into scenes reminiscent of the riots in France and Albania (see photos). Some participants in Hamburg lit fireworks and set barricades on fire. Rioters also damaged 17 stores in Frankfurt and attacked police with Molotov cocktails (watch clips of the looting and vandalism here). 

In neighboring France, protests against high living costs and poor school conditions continued for a third straight weekend. 

 

Nickel & Related Metal News

Spot gold fell 3.5% to US$3,880.97 an ounce on Friday, its lowest level since October 2025, as a slump in tech shares on AI spending concerns spilled into precious metals. Silver dropped 6.5% to US$49, breaking below US$50 for the first time in 11 months, while palladium slipped below US$1,000. A 7% to 9% weekly fall in silver, platinum and palladium pushed their Relative Strength Index into oversold territory for the first time in three years.

Good Read

Answer to today's trivia question: 2007