LIVE FUTURES REPORT 20/04: LME nickel rebounds, copper at $9,400/t; fresh Al cancellations in Rotterdam

The London Metal Exchange three-month nickel price rebounded on Tuesday April 20 morning following its 1.5% dip on Monday at the close, while copper continued its price rise.

LME three-month nickel was at $16,240 per tonne at 9am, a 0.7% increase from its Monday closing price of $16,121 per tonne. 
The metal fell by 1.5% on Monday from Friday’s close of $16,363 per tonne following news that the Philippines’ would remove a ban on new mines. 

Recent company output updates show that Vale’s nickel output rose by 6.8% year on year in the first quarter of 2021 to 48,400 tonnes, while Nornickel said its...


Ana de Liz

April 20, 2021

09:38 GMT