Tag: LME nickel weekly analysis
-
LME nickel prices inch up as Indonesia policy tightening supports market
Ample supply offsets support from weak dollar Subdued downstream demand caps upside Nickel prices on the London Metal Exchange (LME) inched up in the week ended 10 April, with the three-month contract closing at $17,200/t, up marginally from $17,060/t in the previous week. LME inventories stood stable at 281,670 t, reflecting a broadly balanced global…