The three-month nickel price has fallen 1.6% and is now back below $11,000 per tonne after trading above the mark so far in December.
Similarly, copper futures are now trading below $6,100 per tonne and down 1.5% despite total LME stock levels now at their lowest since 2008. Volumes traded on the exchange have been high so far this morning, with 9,431 lots changing hands as of 10:52am London time.
Elsewhere, both three-month zinc and lead prices consolidated lower over the morning, while total LME stocks in both metals are also at their lowest in over nine years.
For zinc, depleting stock levels continue to prompt further tightness in the...