Tag: nickel short covering
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LME nickel prices edge up as market awaits start of next demand cycle
Inventories rise amid strong Indonesian supply Stainless steel demand remains largely muted Nickel prices on the London Metal Exchange (LME) slightly edged up from last week, with the 3-month contract closing at $15,218/tonne (t). LME nickel stocks edged up by 2% w-o-w to 207,576 t from 203,900 t a week earlier, driven by strong Indonesian…