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Nickel prices

Copper trades flat in thin holiday trade
Markets

Copper trades flat in thin holiday trade

  • Three-month copper on the London Metal Exchange was almost flat at $10,007 a tonne.
  • Workers at BHP Group's Spence copper mine in top producer Chile said last week they had reached a new contract deal with the company, avoiding a strike.
Published 14 Jun, 2021 06:23pm
Nickel firms but remains set for biggest weekly loss since 2011
Markets

Nickel firms but remains set for biggest weekly loss since 2011

  • The metal is mainly used in stainless steel, but demand for battery grade nickel for electric vehicles is expected to boom in as the world moves towards a lower-carbon economy.
  • Benchmark three-month nickel edged up 1.5% to $16,379 a tonne in official trading but was still on track for a weekly loss of about 11%, its biggest since September 2011.
Published 05 Mar, 2021 09:15pm
Nickel prices boosted by Philippines ban on mining island
Markets

Nickel prices boosted by Philippines ban on mining island

  • Philippine President Rodrigo Duterte stopped mining on Tumbagan Island in Languyan, in Tawi-Tawi province.
  • Benchmark nickel on the London Metal Exchange was up 3.3% to $17,655 per tonne at 1315 GMT, making it the biggest gainer among base metals.
Published 12 Jan, 2021 09:18pm
Worry about Indonesian supplies fuel nickel's surge
Markets

Worry about Indonesian supplies fuel nickel's surge

  • Benchmark nickel on the London Metal Exchange was up 4.9% at $17,425 a tonne.
  • Earthquakes in Indonesia triggered nickel buying, but it's a knee-jerk reaction and I'm not sure these levels can be sustained as production hasn't really been affected.
Published 04 Jan, 2021 06:03pm