Base Metals: Nickel Weakens, Reaches Near Lows

Reuters reported on base metals trading on Wednesday as nickel reached near two and a half year lows.

As quoted in the market news:

Prices of LME nickel have fallen toward 2-1/2 year lows due to weakness in the stainless steel sector, for which nickel is a key material, and smooth exports of ore from Indonesia, which has been subject to a change in export regulations, BNP Paribas’s Briggs added.

Click here to read the full Reuters report.