Base metals on the London Metal Exchange began the week in positive territory during London morning trading on Monday January 29, with nickel up over 2%.
Nickel was the best performer, up $305 per tonne, or 2.2%, while zinc was also strong, up $59.50 or 1.7%."Metals are trending up, but it's largely trend flowing behavior, continuing the uptrend from last week," said Oliver Nugent, commodities strategist at ING Bank.Analysts are cautious whether the nickel increase can continue further....