MetalMiner reported that primary three-month nickel prices sank to $15,250 per metric ton (MT) on the London Metal Exchange (LME), while primary cash nickel prices fell to $15,195 per MT, also on the LME.
Articles Tagged "LME"
Bloomberg reported that industrial metals continue to decline on the LME after economic data from the US and China raised concerns of a weakening demand.
Reuters reported that nickel has hit a 7-month low on the LME ending at $15,695 as a weak economic data from China, the world’s biggest metal consumer, strengthened concerns on demand growth.
Reuters reported that nickel reached its lowest in four months at $16,105 as concerns on economic growth casts doubt on the demand outlook.
Bloomberg reported that nickel dropped 0.5% to $16,885 on the London Metal Exchange on concerns that property curbs in China could negatively impact demand.
Bloomberg reported that nickel gained 0.9% in London amid stronger European equities and demand signals.
Bloomberg reported that nickel led metals lower, at 0.7% drop, on speculation that spending cuts set to start on March 1 will significantly hurt the U.S. economy.
Bloomberg reported that nickel led gains on the LME, and industrial metals have advanced for the first time in 6 days.
Reuters reported that in spite the growing mountain of nickel, big financial firms have other plans for the metal making it less and less available.
Bloomberg reported that nickel prices declined as much as 3.1% in London on signs of a weaker economic growth in China.