The London Metal Exchange three-month nickel price continued its decline to fall 1.9% since the close on Friday May 24 to end the afternoon kerb at $12,120 per tonne on Tuesday May 28.
The LME three-month nickel price surged by 4% to a kerb close of $12,355 per tonne on May 24 with a spate of short covering in anticipation of the UK and US bank holidays on May 27 driving the price up to a $12,450-per-tonne high on the same day. Still, LME-traded nickel continued on its volatile price trajectory today, spanning a $385-per-tonne intraday range, hitting a $12,460-per-tonne high and $12,075-per-tonne low. Only a modest 10,540...