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LME OFFICIALS: Nickel prices at nine-month high
March 05, 2014 - 14:10 GMT
Nickel prices settled above $15,000 per tonne for the first time since June 2013 during the official session on the London Metal Exchange on Wednesday March 5.
The slight easing of tensions in Ukraine helped to bolster
all the base metals, while nickel in particular was supported
by the triggering of stops and improving fundamentals. "At the
moment, on nickel, there are concerns about concentrates
shipments from Indonesia," a category I trader told Metal
Bulletin. "People were talking about China having over a
year’s supply, but I think that’s
been slightly overdone. The funds are looking...
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