LIVE FUTURES REPORT 10/06: Nickel, copper down over 1% ahead of US CPI data

Nickel and copper were down the most on the London Metal Exchange on June 10 morning, although all prices fell ahead of the release of US consumer prices data later on Thursday.

LME three-month nickel fell to $17,870.50 per tonne on Thursday at 9am, back to the same levels from the Monday close, following a 1% rise on Wednesday to $18,136 per tonne. 
The metal’s price fell on Thursday after news that the strike at Vale’s Sudbury nickel mine in east Canada will last until July, which kept it on the upside on Wednesday. 

Market sources expect the effects to be felt mainly in the United States, and particularly in cut cathode premiums,...


Ana de Liz

June 10, 2021

09:45 GMT