Nickel at five-month high

BASE metals performed better on Friday with nickel up 2.4% to US$19,373 per tonne, a price not seen since late February.

Nickel at five-month high Nickel at five-month high Nickel at five-month high Nickel at five-month high Nickel at five-month high

BHP Nickel West nickel briquettes

Nickel finished the week strongly following news of an offtake deal between Tesla and BHP Nickel West.

Copper was up 0.8% to $9450/t.

UBS has been cautious on base metals since the June quarter.

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