Nickel rises to seven-year high

NICKEL was the biggest mover overnight after Vale cut full-year nickel guidance yesterday.

Nickel rises to seven-year high Nickel rises to seven-year high Nickel rises to seven-year high Nickel rises to seven-year high Nickel rises to seven-year high

Image: iStock/Evgeny Gromov

Vale blamed the strike at Sudbury and the suspension of its Onca Puma mine for the cut.

Nickel jumped 4.6% to US$21,046 per tonne, the highest since 2014.

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