LIVE FUTURES REPORT 12/01: Nickel rebounds 3%; LME complex up on dip-buying

The London Metal Exchange three-month nickel price increased by over 3% during morning trading on Tuesday January 12, with the rest of the base metals' prices also rising in an episode of dip-buying following the price decline across the complex on Monday.

Nickel’s three-month price rose by 3.2% to $17,620 per tonne as of 9am on Tuesday, after a decline of 3.3% took its closing price to $17,086 per tonne on Monday.  The metal’s price went as high as $18,200 per tonne on Thursday January 7 but has had two days of correction since.  Copper’s three-month price also rebounded on Tuesday by 1.5% to reach $7,875.50 per tonne as of 9am.  Similar to nickel, copper declined...

Published

Ana de Liz

January 12, 2021

10:42 GMT

London