Nickel's three-month price on the London Metal Exchange was the standout performer during morning trading on Friday July 26, gaining some $200 per tonne while the rest of the complex consolidated lower.
The metal's outright price fell below the $14,000-per-tonne threshold briefly on Wednesday, before closing above the mark amid moderately low turnover.Similarly, volumes traded across the complex remain low over the morning, with nickel trading just over 1,500 lots by 9am London time. Despite investors reducing risk appetite for nickel futures against broadly weaker economic data from the EU on Wednesday, buying momentum in the commodity has resurfaced. This comes against a continued drawdown in...