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Base metals prices on the London Metal Exchange were mostly higher during morning trading on Friday October 8, with market participants in China returning after the Golden Week holiday.
Nickel prices rebounded well this morning, with the three-month price hitting a high of $19,090 per tonne this morning. It was most recently trading at $18,855 per tonne, up $591 per tonne from Thursday’s close. “[The move in nickel has] most likely [been] triggered by news that the International Nickel Study Group is forecasting an overall deficit of 134,000 tonnes for the whole of 2021 and no doubt now nickel will see if it can move up to test the top end of the...
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