LME nickel's three-month price saw the biggest drop in the base metals complex on Tuesday December 22, with most metals correcting down from their recent 2020 highs in reaction to news of a new variant of Covid-19.
Nickel's forward price fell 3.8% on Tuesday to $16,614 per tonne, down from Monday's 5pm close of $17,267 per tonne. On December 15, nickel set a year-to-date high of $17,880 per tonne. LME aluminium's three-month price was down 1.2% at the 5pm close on Tuesday at $1,995.50 per tonne, having dropped 1.75% on Monday to $2,020.50 per tonne. Copper's forward price, meanwhile, was down 1.3% day on day to $7,746.50 per...