Base metals on the London Metal Exchange edged up during morning trading on Monday July 26, building on gains averaging about 1.3% made last Friday amid a myriad of supportive factors.
The exchange's nickel price was at $19,450 per tonne at 9am on Monday, after touching $19,645 per tonne during early trading. This compares with $19,372 per tonne last Friday.Concerns over supply from Indonesia continued to support nickel prices on the LME, particularly since the country extended a lockdown in response to rising Covid-19 cases until August...