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LME OFFICIALS: Nickel prices at nine-month high

March 05, 2014 - 14:10 GMT Location: London

KEYWORDS: LME , officials , nickel , base metals , prices , copper , aluminium

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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