LIVE FUTURES REPORT 11/11: LME nickel price sinks 2.2% on trade worries; tin follows lower

The three-month nickel price on the London Metal Exchange recorded a sharp sell-off during morning trading on Monday November 11 on mounting fears that progress in a US-China trade deal could stall.

Concerns that the trade talks are not progressing as smoothly as hoped, with US President Donald Trump saying late last week that he had not agreed to roll back tariffs on imports from China, has dampened sentiment in the metals, Fastmarkets head of base metals and battery research, William Adams said.

Nickel’s outright price on the LME fell by more than 2% to $15,800 per tonne, losing just under $400 from $16,190 per...

Published

Hassan Butt

November 11, 2019

09:59 GMT

London