The three-month nickel contract on the London Metal Exchange ended Tuesday’s trading session at $16,925-16,950 per tonne, compared with $17,980-18,000 per tonne a week earlier. The price of nickel, 3 months, LME Daily Official
, rebounded slightly to $17,100-17,120 per tonne on September 18.
The decline in the LME nickel price was attributed to the pricing-in of bullish factors
, and fears that nickel exporters in Indonesia could rush to sell as much nickel ore as possible, using available export quotas that have already been issued for this year.
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