LIVE FUTURES REPORT 30/12: LME base metals lack fresh direction; nickel price ignores rising stocks

The benchmark three-month nickel price on the London Metal Exchange was the standout of the base metals complex, continuing to edge higher at the close on Monday December 30 and ignoring rising stock levels.

The nickel price closed at $14,315 per tonne, up $105 from Friday’s close. It traded in a $200 range throughout the day, earlier hitting a high of $14,365 per tonne. Despite being the only base metal to see any strong movement, volume remained relatively sparse with under 5,000 lots trading by the close. “Nickel...


Alice Mason

December 30, 2019

17:15 GMT