Base Metals: Nickel Rises Close to One-Year Highs

CNBC reported on base metals trading on Tuesday, noting nickel is still trying to regain on limited stainless steel demand from two and a half year lows.

As quoted in the market news:

Russian group Norilsk Nickel, the world’s largest nickel and palladium miner, has resumed shipments from its Arctic port of Dudinka after flooding prompted a seasonal halt.

Dudinka, the company’s main export outlet, restarted operations last week when crane boats began to service vessels, Norilsk said on Wednesday.

LME nickel stocks are close to one-year highs, as demand from the stainless steel sector remains weak, as prices recover from 2.5 year lows.

Click here to read the full CNBC report.