LME 'enhancing monitoring' of nickel market; spreads in $473 backwardation

The London Metal Exchange is performing ‘enhanced monitoring’ of activity in the nickel market following a rapid tightening in the cash-to-three-month nickel spreads and a stock drawdown.

“The LME notes the current tightness in the nickel market,” a spokesperson for the exchange told Fastmarkets on Tuesday January 18. “We are undertaking enhanced monitoring in respect of nickel...

Published

Callum Perry

January 18, 2022

17:35 GMT

London