The three-month nickel price on the London Metal Exchange was unable to close above nearby resistance amid low turnover on Friday November 15, while tin topped losses in a 1.2% downturn.
Nickel's underlying price on the LME closed at $14,975 per tonne, failing to hold above the nearby $15,000 per tonne resistance level despite achieving an intraday high of $15,155 per tonne. Volumes traded in LME nickel were low over the afternoon, with just over 5,700 lots exchanged by the close, compared with just under 7,000 lots exchanged on Thursday. Open interest in nickel did tick higher overnight, climbing...