LME nickel hits new high
Nickel hit a new high on the London Metal Exchange on Wednesday. Nickel for delivery in three months has risen by some 53% this year to touch a new all time high of USD 51, 800 per tonne but by mid session it fell back under USD 51, 000 against the close of USD 51, 200 on Tuesday.
LME nickel stocks fell by 174 tonnes to 4, 458 tonnes, with only 3, 270 tonnes available to the market which is less than a day of global consumption.
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