LIVE FUTURES REPORT 05/12: LME nickel price tops gains in mixed complex; zinc struggles

The three-month nickel price on the London Metal Exchange was the biggest gainer at the close of trading on Thursday December 5, staging a modest recovery after reaching a five-month low earlier in the day, while turnover topped the complex over the day.

The LME nickel price closed at $13,275 per tonne at 5pm, recovering from an intraday low of $13,030 per tonne but failing to close near its daily high of $13,445 per tonne. Trading volumes in nickel were high over the day at 8,500 lots exchanged by the close, although total daily volumes across the complex were minimal. Copper traded futures were second to nickel at just under 8,000 lots over the day. Meanwhile, strong buying...

Published

Hassan Butt

December 05, 2019

17:21 GMT

London