LIVE FUTURES REPORT 14/11: Nickel price tumbles 5.6% at close; base metals all weaker

The three-month nickel price plummeted by more than $700 per tonne at the close on the London Metal Exchange on Tuesday November 14.

The metal has been correcting recently, falling to a low of $11,755 per tonne earlier today, after it hit its highest since June 2015 during LME Week, powered by increased bullishness and demand from the electric vehicle sector. “Nickel spiked up to $13,000 per tonne, which shocked everyone, and since then it has been falling with determination,” a trader said. “It does not surprise me that it has fallen so low today – it is sensitive at the moment. The price is not inspiring - there is...

Published

Alice Mason

November 14, 2017

18:00 GMT

London