LME base metal prices mostly up; nickel opens 2.6% higher

Base metal futures on the London Metal Exchange were mostly higher at the 9am open on Friday January 14, with nickel once again leading the rally.

While many will be keeping a keen eye on the signs that central banks globally are getting more hawkish, at present signals remain supportive of prices.
“Overall, the inflationary outlook and generally strong economic activity bode well for the outlook for demand, and while shipping disruptions remain, supplies are likely to remain tight,” Fastmarkets head of base metals and battery research William Adams said in a note.

The three-month nickel price continued its week-long strong performance, which has seen the metal gain 9.4% since...

Published

Callum Perry

January 14, 2022

10:33 GMT

London