Nickel was again the star performer on the London Metal Exchange at the 5pm close on Wednesday February 21, ending with gains of more than 2%.
The three-month price recovered $235 per tonne from its previous closing level after significant declines earlier this week - the metal is looking to push back up to $14,000 per tonne."Rising premiums signal demand remains robust, while the limited nature of the recent corrections supports our view that nickel is forming a higher price base, underpinned by the gradual tightening of the underlying fundamentals," Metal Bulletin analyst James Moore said."Nearby spreads have eased recently, suggesting an element of fresh buying has fuelled...