Nickel Rises to 3-Month High as Stainless Steelmakers Stock Up on Economic Growth

Bloomberg reported that nickel rose to a 3-month high as stainless steel companies restock on metal amid signs of positive economic growth.

As quoted in the market news:

Nickel for delivery in three months jumped as much as 1.1 percent to $18,575 a metric ton on the London Metal Exchange, the highest since Oct. 5, and was at $18,563 a ton by 10:22 a.m. in New York. Nickel rose 8.3 percent this month, leading gains for the six main metals on the LME after being the only one to drop last year.

Click here to read the full Bloomberg report.

Get the Latest Nickel Investing Stock Information

Get the latest information about companies associated with Nickel Investing delivered directly to your inbox.


By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

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. Connect with Equitas Resources to learn more.

Leave a Reply