• Read our RSS feeds
  • Join the Metal Bulletin group on LinkedIn
  • Follow us on Twitter
  • Follow us on Youtube

Copying and distributing are prohibited without permission of the publisher

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...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

subscribe to this feed Comment & analysis

Upcoming Events

MB Glossary

From Aluminium to Zinc...
Search this free glossary on metals