Nickel’s price was
$17,285 per tonne at 9am on Monday, up 0.8% from Friday's closing price of
$17,154 per tonne.
On Friday, however, the nickel price was down 7.2% from last Monday’s close of $18,480 per tonne, with only copper (down 8.3%) and zinc (down 7.3%) falling further over the week.
The bearish turn on the LME base metals complex was mainly in response to the hawkish turn at...