There were slight rises across the London Metals Exchange base metals complex on Wednesday December 23, led by a 1.5% uptick in nickel, after they dropped collectively earlier in the week following news of the rapid spread of a new strain of the Covid-19 virus in the United Kingdom.
The three-month nickel price rose to $16,874 per tonne on Wednesday at the 5pm close from $16,614 per tonne on Tuesday. The metal's forward price had fallen by 3.8% on Tuesday from Monday's 5pm close of $17,267 per tonne. "We have been cautiously bullish toward the LME nickel price and have had our reservations over its upward push to its December high of $17,880 per tonne,"...