Tag: metal price outlook

LME nickel eases 2% w-o-w amid profit-taking despite supply concerns

Jun 6, 2026

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by

Kanishka Chhabria

in Nickel

Nickel retreats after testing one-month high above $19,200/t Stronger US dollar halts gains despite supportive demand outlook London Metal Exchange (LME) nickel futures declined 2% w-o-w to $18,750/t on 5 June 2026 from $19,125/t a week earlier, reversing gains after briefly touching a one-month high above $19,200/t during the week. The correction came as market…