The three-month nickel price on the London Metal Exchange was the standout performer during morning trading on Friday April 17, pushing beyond the $12,000-per-tonne threshold for the first time in a month, while copper tested resistance at $5,200 per tonne.
Nickel's outright price on the LME was recently at $12,035 per tonne, gaining $280 from Thursday's closing price of $11,764 per tonne and pushing beyond the $12,000 per tonne resistance level for the first time since March 18. Base metals price were given support by US President Donald Trump's three-step plan to end the country's coronavirus lockdown announced on Thursday, offsetting the effect of China's first ever quarterly gross domestic product (GDP)...