Nickel prices on the London Metal Exchange recorded the largest losses of the day at the close of trading on Thursday June 14, leading the complex lower amid sharp drops in lead, copper and zinc prices.
Results from China's macro-economic data, including a lower than expected rise in fixed asset investment, and a weaker dollar index has put pressure on the base metals complex.China's fixed asset investment rose 6.1% year on year in May, against a 7% rise the previous month, while the country's industrial production rose 6.8% on an annual basis in May, compared with 7% growth in April.Despite remaining broadly supported above $15,000 per tonne, nickel prices have spent the week trading in a wide window of $625 per tonne. "We think the pullback is likely to be limited and any dips at the key technical support level should remain attractive. The metal...