LIVE FUTURES REPORT 10/07: LME nickel price closes just shy of $13,000/t

Nickel closed around 2% higher on the London Metal Exchange on Wednesday July 10 after peaking at intraday high above $13,000 per tonne, its highest since April.

The three-month price bottomed out at $12,710 per tonne before it reversed higher, breaking past key resistance levels to breach $13,000 per tonne. It closed just short of the mark at $12,990 per tonne. More than 10,000 lots of nickel changed hands by the close. LME nickel stocks continue to dwindle - at 153,612 tonnes, there are at their lowest since 2013. The three-month zinc price also gained, closing just...


Hassan Butt

July 10, 2019

18:11 GMT