The metal’s futures price reached an intra-morning high of $13,140 per tonne, with some 2,700 lots of nickel exchanged as of 8:55am London time.
Total LME inventories continue to slide and remain at their lowest level since 2013 at 153,420 tonnes, while LME data continues to show three respective dominant positions across 50-79% of nickel’s warrant holdings, tomorrow/next-day and cash positions.
“Nickel had...
