LIVE FUTURES REPORT 16/02: LME nickel price strengthens on Philippine, Indonesia issues; copper price remains over $6,000/t

The London Metal Exchange nickel price has risen by $55 to $10,910 per tonne in the early afternoon trading session on Thursday February 16, mainly on the Philippines’ crackdown on the country’s mining sector and continued uncertainty around Indonesian ore exports.

The Philippines’ Department of Environment and Natural Resources (DENR) announced on Tuesday February 14 the cancellation of 75 mineral agreements with miners.  Meanwhile, Vale released its 2016 nickel production figures today, posting a 7% year-on-year rise and setting a new annual record at 311,000 tonnes of finished nickel.  Copper sticks above $6,000 per tonne • Copper is $19 lower at $6,025 per...

Published

Echo Ma

February 16, 2017

15:25 GMT

London