LIVE FUTURES REPORT 22/06: Nickel leads LME recovery; 92kt of aluminium warrants cancelled

Nickel continued to experience the strongest rebound on the London Metal Exchange on the morning of Tuesday June 22, while most metals also trended upward following last week's slumps.

Nickel was up by 1.6% at 9am on Tuesday, at $17,730 per tonne. This adds to a 1.7% gain at the end of Monday, when the contract closed at $17,450 per tonne.
The stainless steel additive was back to levels seen a week ago, aided by dip-buying after last week's 7.2% fall, while data from the International Nickel Study Group also showed that the global nickel market was in a 34,900-tonne deficit during the first four months of 2021.

Nickel is also aided by the fact that it is not under pressure from Chinese...

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