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At 14:27 Shanghai time, the three-month nickel price on the LME was trading $220 lower than the opening price, at $11,615 per tonne.
The contract hit $10,795 per tonne during Asian trading.
A broker described fundamentals on nickel as “atrocious”.
“There is plenty of LME stock and severe concerns over the health of manufacturing industries globally that use both copper and nickel,” the broker said.
The low LME prices reflect the fundamentals...
