LIVE FUTURES REPORT 14/02: LME nickel sets fresh 2018-high; another day of strong rallies for base metals

Base metals prices on the London Metal Exchange took advantage of the weakening dollar to close higher across the board on Wednesday February 14, with nickel leading the charge.

“LME prices strengthened further on a lack of Chinese selling and a softer US dollar, which saw upside stops triggered with an accompanying sharp increase in turnover. 5pm closes were all up on the day and just off the highs,” Sucden Financial’s daily report said. The three-month nickel price closed 5% higher after it hit $14,135 per tonne, its highest since May 13, 2015. “With risk sentiment stabilizing and the dollar index still in doldrums, pre-Lunar New...

Published

Alice Mason

February 14, 2018

17:40 GMT

London