Nickel Prices Boosted by Indonesian Export Rules, China Stimulus Speculation

Bloomberg reported that nickel prices rose for the first time in four days today. Those gains came as Indonesia maintained its ban on exporting unprocessed ore from the country, and as China suggested it would take action to support economic growth.

As quoted in the publication:

The metal for delivery in three months on the London Metal Exchange advanced as much as 0.8 percent to $18,710 a metric ton and was at $18,645 by 4:02 p.m. in Tokyo. Prices are up 34 percent this year, the most among six main metals on the LME.

Click here to read the full Bloomberg article.

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Equitas Resources (TSXV:EQT; FSE:T6UN) is one of the first junior resource companies in the last 20 years to hold such a large, consolidated land package in the Voisey’s Bay district. With a first-class, experienced team of professionals skilled in raising capital and managing successful exploration projects Equitas Resources has a tight share structure on early stage of nickel focused exploration. Learn more about this world class deposit.

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