CNBC reported nickel find support from talk that the Chinese government may be stocking up on these metals while they trade near their marginal production costs, traders said.
As quoted in the market news:
Hit by slowing economic growth, China’s smelters are lobbying the government to revive a state-run scheme to stockpile industrial metals, which would support prices and possibly lead to a surge in imports, industry sources have said.
…nickel was $15,415 from $15,525.
