LME nickel price remains optimistic in near future
Views : 212
Update time : 2021-02-23 18:06:50
The three-month futures price of nickel on the London Metal Exchange (LME) dropped by US$95/ton yesterday (February 22), closing at US$19,493/ton, and the spot price also slid by US$108/ton to US$19,475.5/ton.
The current average nickel price of this month has reached US$18,439/ton, obviously higher than the US$17,863/ton in the previous month.
According to market participants, due to the growing demand for new energy vehicles, rising prices of stainless steel in China, and a tight supply of nickel ore in the Philippines, the nickel price was expected to be remaining optimistic in the near future.
Malaysian Anti-Corruption Commission raids lead to arrest of state official linked to illegal bauxite mining in Kuantan
Chinalco together with Dalian Liaonan Shipyard unveils joint innovation centre for ship equipment
SMM alumina price opens the week with a growth of RMB22/t; Australian alumina FOB price rises by US$37/t
