LIVE FUTURES REPORT 31/07: LME nickel price ignores imminent Fed rate cut; lead closes above $2,000/t

August 01, 2019 / www.metalbulletin.com / Article Link

The three-month nickel price on the London Metal Exchange climbed by 1.4% at the close of trading on Wednesday July 31, shaking off downward momentum emanating from an expected US Federal Reserve interest rate cut and subsequent dollar incline.

Nickel futures closed at $14,490 per tonne on Wednesday, climbing from an intraday low of $14,255 per tonne while just over 7,000 lots of metal traded over the day. Volumes in nickel have been steadily declining since last week, and after more than 20,000 lots were traded on July 18 - the most since May 2018 - turnover in nickel has averaged below 10,000 lots per day. Similarly, price action continues to flirt with sub-$14,000 per tonne levels, prompting some market participants to suggest that a corrective move below the mark...

Recent News

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok