More than 7,000 tonnes of uncut nickel cathode entered London Metal Exchange warehouses in Rotterdam on Tuesday March 2, but the 13% increase to Rotterdam's nickel stocks has not yet resulted in any reduction to premiums.
"The markets don't react that quickly; it only came in today," one nickel trader said on Tuesday, the day of Fastmarkets' weekly nickel price assessments. "But it's a big chunk, and it will be interesting to see who placed that parcel."All the nickel that came into Rotterdam LME units on Tuesday was uncut...