LIVE FUTURES REPORT 16/04: LME nickel, lead rise, while copper consolidates after Thursday surge

Nickel and lead futures prices on the London Metal Exchange pushed up on the morning of Friday April 16, while most other metals consolidated after a Thursday session that saw copper pulling along most of the other base metals.

Nickel's three-month price was the only one in the complex to not close higher on Thursday - drifting down some $14 from Wednesday close to $16,364 per tonne - but it caught up with the Thursday surge on Friday and was at $16,400 per tonne at 9am.  “Nickel was the laggard [on Thursday], with prices coming under some pressure after the Philippines' president, Rodrigo Duterte, signed an order allowing the government to approve new mining contracts, lifting a [ban imposed in] 2012,” ING’s senior commodities strategist Wenyu...

Published

Ana de Liz

April 16, 2021

09:13 GMT

London