The nickel price rose to $18,281 per tonne at 5pm, the metal’s highest closing price of the year so far and a rise of 3.4% from Wednesday’s 5pm price of $17,678 per tonne.
This is the second time this year the metal has closed above the $18,000 per tonne, the first being on January 7 when it rose to $18,109 per tonne. It had been closing mostly below $17,700 per tonne since then.
Copper, meanwhile, was 0.5 % higher at $8,048.50 per tonne from Wednesday’s 5pm close of $8,009 per tonne.
The red metal crossed over the $8,000 mark at the close for the first time...