The London Metal Exchange three-month price nickel price held gains above $18,000 per tonne during morning trading on Tuesday September 3, while a fresh cancellation of around 22,725 tonnes of copper inventory did little to raise the red metal's stagnant price.
The nickel price was the standout performer this morning, with trading volumes of just under 6,000 lots exchanged as of 9.30am London time, while the rest of the complex traded lower. The three-month nickel price has swung between an intraday low of $17,900 and high of $18,710 per tonne. It was recently at $18,025 per tonne this morning. Further bolstering nickel's outright price on the exchange was a fresh cancellation of around 6,200 tonnes booked out of LME-registered warehouses in predominantly Asian locations. This takes...