Tag: Nornickel China smelting plant

Base metals prices on the LME edged downward, with nickel witnessing the steepest decline of 1.89%. Similarly, metal stocks at LME-registered warehouses showed a negative trend, except for nickel. Aluminium prices dropped because China ramped up production close to last year’s highs. In May, output rose 5% y-o-y to 3.65 million tonnes (mnt), nearing an…