LIVE FUTURES 23/08: Nickel, lead up by nearly 2%; 44kt of copper booked for removal from Asian warehouses

August 24, 2021 / www.metalbulletin.com / Article Link

Nickel and lead posted price increases of almost 2% in morning trading on the London Metal Exchange on Monday August 23, ahead of the Federal Reserve's Jackson Hole summit which starts on Thursday.

Three-month nickel traded at $18,805 per tonne at 9am, up from Friday's $18,463-per-tonne closing price. The metal lost 5.4% of its value last week, with the spread of the Delta variant of Covid-19 denting hopes of a robust economic growth in the second half of the year.

Nickel's inventories were down by 816 tonnes to 197,298 tonnes - its lowest level since February 2020 - while a further...

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