Spot nickel premiums recede to ten-year low

Melting-grade nickel spot premiums fell this week to their lowest level in more than a decade as an influx of nickel into London Metal Exchange-approved warehouses in Chicago exacerbated concerns over lacklustre demand and domestic oversupply.

Metal Bulletin sister title AMM’s melting-grade nickel premiums have dropped to between 15 and 25 cents per lb, down from a narrower 18- to 25-cent-per-lb range that had previously held...

Published

This article was first published by AMM

March 28, 2013

19:39 GMT

New York