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Nickel pushes through US$15,000/t

NICKEL has surged to a new 14-year high on the London Metal Exchange, with the three-month delivery price peaking at US$15,150 a tonne before profit taking pushed it back to US$14,600 at the end of kerb trade.

Greg Tubby
Nickel pushes through US$15,000/t

The metal closed at US$14,120 Tuesday. “This is all fund buying in very thin conditions and we’re seeing US$100 quotes at the moment … we haven’t seen markets like this in a long time, the funds are...

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