Tag: smelter margins tight
-
LME nickel prices gain slightly w-o-w as market balances oversupply risks
LME inventories remain near four-year highs Indonesian ore prices slip, premiums hold firm Nickel prices on the London Metal Exchange (LME) showed positive movements from last week, with the three-month contract closing at $15,161/tonne (t). LME nickel stocks remained range-bound at 211,662 t from 212,232 t a week earlier. On 11 August, nickel prices hit…