JJN
iPath DJ-UBS Nickel Total Return Sub-Index ETNNYSEARCA
1d
5d
1m
6m
1y
5y
10y
Advanced Chart
  • Tue, Sep. 27, 10:08 AM
    • The Philippines has ordered the suspension of 20 more mines for environmental violations, mostly nickel producers, sparking a jump in nickel ore prices.
    • In addition to 10 mines already shuttered as part of an audit completed last month, the action brings to 30 the number of suspended mines, 18 of them nickel producers that account for 55.5% of the country's total nickel ore output based on last year's production.
    • OceanaGold (OTCPK:OCANF -9.1%), the top gold miner in the Philippines and one of the companies facing a suspension, says it has not violated any environmental regulations.
    • ETFs: JJN, NINI
    | Tue, Sep. 27, 10:08 AM | 2 Comments
  • Wed, Feb. 3, 5:33 PM
    | Wed, Feb. 3, 5:33 PM | 59 Comments
  • Fri, Jan. 15, 10:34 AM
    | Fri, Jan. 15, 10:34 AM | 34 Comments
  • Nov. 23, 2015, 5:28 AM
    • Crude continued to drop further on Monday, as part of a wider decline in commodity prices and renewed concerns of oversupply with OPEC likely to ramp up output at its next meeting on Dec. 4.
    • "Oil prices may drop to as low as the mid-$20s a barrel unless OPEC takes action to stabilize the market," Venezuelan Oil Minister Eulogio Del Pino declared.
    • The slump is also heavily biting into industrial and precious metals: Copper is now below $4,500 a metric ton for the first time since 2009, nickel lost more than 5% to its lowest level since 2003, zinc is down 4.2%, and gold is 0.7% lower at $1069 an ounce.
    • Crude futures -3% to $40.63/bbl.
    • ETFs: GLD, USO, OIL, IAU, UCO, PHYS, UWTI, SCO, SGOL, BNO, DBO, UGL, DWTI, DGP, GTU, GLL, JJC, DTO, UGLD, DZZ, USL, GLDI, COPX, OUNZ, CU, DGL, DNO, DGZ, DGLD, AGOL, JJN, OLO, SZO, GEUR, CPER, UBG, GYEN, OLEM, NINI, CUPM, QGLDX
    | Nov. 23, 2015, 5:28 AM | 34 Comments
  • Oct. 13, 2015, 3:46 AM
    | Oct. 13, 2015, 3:46 AM | 1 Comment
  • Oct. 9, 2015, 7:49 AM
    • Glencore's (OTCPK:GLCNF, OTCPK:GLNCY) planned cuts to its zinc production sends zinc prices soaring 9% overnight and bringing other base metals including copper along for the ride.
    • The move is good news for Glencore's stock price too, with shares up more than 11% in London and more than doubling since reaching a record low last week.
    • Glencore's reduced operations in Australia, Kazakhstan and South America will reduce global zinc supply by 500K metric tons/year, not a trivial amount in a 14.5M tons/year global market.
    • Zinc has, along with nearly all commodities, been under pressure from oversupply, sliding to a five-year low of $1,601.50/ton on Sept. 28.
    • Further destocking of zinc and a more visible recovery in China’s industrial activities will be needed to propel a more sustained price rally, says Xiao Fu, head of commodity markets strategy at BOCI Global Commodities.
    • ETFs: JJC, DBB, JJN, JJU, CPER, JJT, BOM, RJZ, BOS, FOIL, JJM, LD, BDD, NINI, CUPM, LEDD, UBM, BDG, HEVY
    | Oct. 9, 2015, 7:49 AM
  • Sep. 9, 2015, 11:19 AM
    • Industrial metals continue their recent climb, with aluminum, zinc and lead trying to play catch-up with copper, which has gained 5% this week as more miners mothball operations at loss-making mines.
    • Glencore's (OTCPK:GLNCY, OTCPK:GLCNF) Monday announcement that it will cut 400K metric tons of copper production over the next 18 months at two mines in the Democratic Republic of Congo and Zambia comes in the wake of closures or cutbacks at mines controlled by Freeport McMoRan (FCX +4.3%) and others; shortly after Glencore’s decision, the Chinese operator of the Baluba mine in Zambia said it was suspending operations and cutting jobs.
    • The closures follow a high level of production outages across the copper industry this year because of bad weather and labor disputes, with the combined effect helping to tighten the difference between supply and demand.
    • ETFs: JJC, DBB, JJN, JJU, CPER, JJT, BOM, RJZ, BOS, FOIL, JJM, LD, BDD, NINI, CUPM, LEDD
    | Sep. 9, 2015, 11:19 AM | 9 Comments
  • Aug. 11, 2015, 11:35 AM
    | Aug. 11, 2015, 11:35 AM | 25 Comments
  • Jun. 16, 2015, 4:14 AM
    • Rising costs of nickel pig iron production should restrict output growth, firm says. Demand, on the other hand, is likely to benefit from consumer recoveries in the U.S., Europe, and China.
    • Sees nickel (now $13,000/tonne) going to $16,000/t in 3 months, $17,000/t in 6 months, and $18,000/tonne in one year.
    • Note: Nickel stockpiles fell today for the eighth straight day, the longest downturn in three years.
    • ETFs: JJN, NINI
    | Jun. 16, 2015, 4:14 AM
  • Feb. 3, 2015, 10:24 AM
    • Copper prices are on track for their biggest gains since September on speculation that China would use stimulus measures to jump-start its economy and boost demand for the metal.
    • Rising oil prices and Chinese stimulus speculation “have changed the focus to the upside and the short-covering has done the rest,” says Saxo Bank's Ole Hansen, adding that “energy is such a big and important part of the commodity sector, and the somewhat improved sentiment there also helps other” raw materials; aluminum and nickel also are rising to multi-week highs.
    • "We’re in this perverse world where bad news is good news,” says BNP Paribas analyst Stephen Briggs, and "a lot of people are thinking China’s going to join the rest of the world and lower interest rates or [offer] some kind of monetary response."
    • Raw materials companies are off to a strong start today: FCX +5.8%, BHP +3.9%, RIO +2.4%, VALE +3.9%, SCCO +3.4%.
    • ETFs: JJC, DBB, JJN, JJU, JJT, CPER, BOM, RJZ, BOS, LD, BDD, JJM, FOIL, NINI, CUPM
    | Feb. 3, 2015, 10:24 AM | 11 Comments
  • Jan. 28, 2015, 2:57 PM
    • “Despite the large declines in commodity prices, we see risks as still skewed to the downside over the near-term,” says Goldman Sachs.
    • Of course, much of the price decline has to do with oil, and Goldman doesn't expect a whole lot more damage as prices have gotten low enough for investors to begin buying excess supplies and putting them in storage. While this may put a floor under the price, says Goldman, it also means prices are likely to stay lower for longer.
    • Meanwhile, there's China, and slowing growth there means copper (NYSEARCA:JJC) prices have further to fall. Some metals to consider going long? Palladium (NYSEARCA:PALL), nickel (JJN, NINI), and zinc.
    • ETFs: DJP, GSG, RJI, GSC, GSP, DJCI, CMD, UCD
    | Jan. 28, 2015, 2:57 PM | 1 Comment
  • Jan. 23, 2015, 8:21 AM
    • "The primary reason for the changes to our forecasts is cost deflation," says the team, noting "actual and anticipated U.S. dollar strength, cheaper energy and other input costs and our expectation of an improvement in mining productivity."
    • The bank cut its expectations for metals and mined raw materials over the next three years by between 10 and 20 percent.
    • Bearish on copper (NYSEARCA:JJC) even after a 20% decline over the last year, Goldman cuts its forecast for this year to $5,542 per metric ton from $6,400.
    • Facing a sustained period of oversupply, iron ore is now seen averaging $66 per ton vs. $80 previously. Gold's forecast is trimmed to $1,089 per ounce from $1,200.
    • ETFs: JJC, DBB, JJN, JJU, JJT, CPER, BOM, RJZ, BOS, LD, BDD, JJM, FOIL, NINI, CUPM, RGRI, LEDD, UBM, BDG, USMI, HEVY
    | Jan. 23, 2015, 8:21 AM | 1 Comment
  • Sep. 22, 2014, 2:58 PM
    | Sep. 22, 2014, 2:58 PM
  • Aug. 11, 2014, 6:58 AM
    • Indonesian officials say there are no plans to withdraw the seven-month old ban on exports of unprocessed nickel ore and bauxite.
    • The country was the world's top exporter of nickel ore and a major bauxite producer until this past January, when the ban was issued in order to force miners to build smelters.
    • Last month, the government allowed several firms producing partially processed minerals such as copper concentrate to resume exports, although Indonesia's chief economic minister Chairul Tanjung says the same rationale does not apply to unprocessed exports of nickel ore and bauxite.
    • "Nickel is different because if you are smelting in Indonesia the added value is much higher than copper," says Tanjung. "Because of that it's a separate issue."
    • ETFs: IDX, JJC, EIDO, COPX, CU, IDXJ, JJN, CPER, NINI, CUPM
    | Aug. 11, 2014, 6:58 AM
  • May 8, 2014, 9:46 AM
    • Nickel prices reach two-year highs after New Caledonia's government ordered Vale (VALE -0.4%) to suspend activity after a spill at a local site.
    • Nickel surged 41% in London trading this year after leading global miner Indonesia barred exports of raw ores in January.
    • With the nickel market already tightening on Indonesia and possible sanctions against Russia, the news adds to the general sense that the market is facing a supply shortage over the coming months, analysts say.
    • ETFs: JJN, NINI
    | May 8, 2014, 9:46 AM
  • Apr. 29, 2014, 7:15 PM
    | Apr. 29, 2014, 7:15 PM
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub