LIVE FUTURES REPORT 16/12: LME nickel the only faller while prospect of US stimulus boosts other base metals

December 17, 2020 / www.metalbulletin.com / Article Link

LME nickel was the only metal to see its three-month price fall on the morning of Wednesday December 16, with the other base metals climbing on the prospect of a new Covid-19 stimulus package in the United States.

Nickel's price edged down to $17,525 per tonne from Tuesday's closing price of $17,557 per tonne. The metal did reach its year-to-date high of $17,880 per tonne during trading on Tuesday - its highest level since September 20 2019. The LME base metals complex is being supported by ongoing negotiations among US lawmakers about spending plans to keep the government open beyond  Friday and up to September 2021, along with a coronavirus relief package. More than 300,000 people have died from the disease so far in the US. The House Speaker Nancy Pelosi held a meeting with...

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