Tag: nickel oversupply pressure

Nickel stocks surge to multi-year highs RBI allows weaker rupee as inflows fade Base metals traded mostly positive on 3 December, with LME copper leading the gains as prices jumped 3.07% to $11,488/t supported by firmer demand signals and marginal inventory builds. Aluminium also strengthened, rising 1.1% to $2,897/t while nickel gained 0.49% to $14,873/t.…