Premiums for nickel in the United States fell during the week to Tuesday November 10 amid a competitive spot market and bearish 2021 long-term contract talks, while premiums in Asia and Europe were flat.
Intense spot market competition drags US briquette premium lowerNickel premiums in Shanghai unchanged while closed arb keeps long-term contracts cappedStrong London Metal Exchange nickel price deters demand for physical nickel in EuropeUS briquette bows to pressureAlthough that source said he had sold briquettes at 18 cents per lb during the assessment week,...