Nickel's three-month price on the London Metal Exchange was lower during morning trading on Thursday July 25, selling off by some 3.8% across European trading hours against weak economic data from the region.
The metal's three-month price fell to an intra-morning low of $13,995 per tonne in this morning's session, down by just under 4% from Wednesday's closing price of $14,550 per tonne. The volumes of nickel traded were moderately high over the morning, leading the complex at just over 3,500 lots exchanged as of 9am London time. "Today reality seems to have set in, while yesterday's economic data out of Europe was appalling at best, with the Eurozone economy slowing back to 2012 levels," Kingdom Futures director and chief executive Malcolm Freeman said in a...