The three-month nickel price traded on the London Metal Exchange approached $16,000 per tonne on Wednesday August 28 morning, trading around $15,970 per tonne during the morning session.
LME base metals, despite holding modest gains, are expected to follow a lackluster trajectory today while they continue to track the global equities markets, but sources hope that the three-month nickel contract will buck the trend. "With the Dow closing down 173 points, the markets looked exposed, Asian equities are doing little this morning and it looks like today could be a re-run of yesterday with the possible exception of nickel," Malcolm Freeman of Kingdom Futures said. The LME three-month nickel price's...