Tag: nickel market update
-
LME nickel prices edge higher; fundamentals remain weak
US-China dialogue improved overall risk sentiment this week. LME nickel stocks rose slightly, signalling continued oversupply. Nickel prices on the London Metal Exchange (LME) edged higher in the week ended 28 Nov, with the benchmark three‑month contract closing at $14,880/t on Friday, compared with $14,475/t last week. LME nickel stocks were broadly steady, rising slightly…