The London Metal Exchange three-month nickel price held just above $13,000 per tonne during morning trading on Wednesday May 17, having rallied by 2.2% at the previous day's close and shrugged off a marginal 180-tonne inflow of stock into Kaohsiung, Taiwan.
The LME three-month nickel contract was recently trading around $13,015 per tonne, remaining above the $13,000 per tonne psychological level but a marginal $9 per tonne down on the previous day's $13,024 per tonne close. The LME zinc price was trading in positive territory at the same time, rebounding above $2,000 per tonne to around $2,028.50 per tonne in recent trading, a 1.6% increase on Tuesday's $1,995.50 per tonne kerb...