LIVE FUTURES REPORT 21/06: LME nickel bucks trend while other base metals continue to fall

Nickel was the only metal to show a slight increase in morning trading on the London Metal Exchange on Monday June 21, with all other base metals prices continuing to decline.

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...

Published

Ana de Liz

June 21, 2021

09:18 GMT

London