LME nickel's three-month price closed at $16,399 per tonne at 5pm on Friday, a 2.8% increase from its Thursday close of $15,954 per tonne and up 0.8% from the beginning of the week.
The metal had a rocky week, closing at $16,270 per tonne on Monday before dropping to $15,954 per tonne at the close on Thursday, 1.7% lower than $16,000 per tonne on Wednesday's close.
Nickel reached $16,420 per tonne during trading on Friday, around $100 short of the week and year-to-date high of $16,525 per tonne reached on Monday November 30.
“Incentives supporting new energy vehicle (NEV) sales are having a positive impact and,...
