Nickel’s three-month price hit $16,200 per tonne as of 9:20am on Monday, a 0.3% increase from Friday closing price of $16,151 per tonne.
AstraZeneca’s announcement that its Oxford-AstraZeneca vaccine is 70.4% effective, with tests on two dose regimens showing that it could be up to 90% effective - an efficacy close to that of Pfizer and Moderna - seemed to support the complex this morning.
On Friday, nickel’s price increased by 2% from its Thursday close price to reach $16,151 per tonne, the metal's highest price since November 2019.
Nickel’s price followed the trend of other metals on Friday such as...
