LIVE FUTURES REPORT 05/03: LME nickel price drops11.5% with most base metals down week on week

March 06, 2021 / www.metalbulletin.com / Article Link

The prices of most base metals on the London Metal Exchange closed lower week-on-week on Friday March 5, coming off highs realized at the end of February.

The nickel three-months LME Daily Official price closed at $16,425 per tonne in Friday's session and showed the steepest decline, down by 11.5% compared with the corresponding time last week.
Supply-side nickel issues helped to stoke bearish sentiment on the metal.
Earlier in the week, the price fell on the announcement by Norilsk Nickel that it would restart two mines affected by flooding.

In another announcement on Wednesday, by China's Tsingshan Holding Group - the country's largest steel producer - it said...

Recent News

Silver inventories rebound in UK, output from major producers rises

December 15, 2025 / www.canadianminingreport.com

Silver's three-month outperformance continues

December 15, 2025 / www.canadianminingreport.com

Silver & Copper Supply Distortions Continue

December 08, 2025 / www.canadianminingreport.com

Gold stocks down in risk-on shift

December 08, 2025 / www.canadianminingreport.com

Gold stocks rocket on metal rebound and equities jump

December 01, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok