Nickel hits fresh 11-month high, briquettes recovery drives higher premiums

Nickel prices are still standing firm against the recent base metals selloff, recording a fresh eleven-month high in official trading on the London Metal Exchange as physical premiums continued to rise on tighter availability.

Three-month nickel settled at an official price of $15,765/75 per tonne, its highest price since mid-April 2013. The contract has gained over $1,200, or 8.6%, in ten days.


Janie Davies

March 13, 2014

16:27 GMT