Tag: Indonesia nickel ore market
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LME nickel prices witness mild upside as dollar softens
Macro cues drive nickel’s mild weekly rebound Oversupply and weak demand limit upside potential LME nickel prices edged higher this week supported primarily by macro cues rather than any shift in fundamentals. The benchmark three-month contract closed at $14,920/t on 5 December, slightly up from $14,880/t last week. Daily movements reflected similar sentiment: on 3…