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Bloomberg reported that after China retained its 7.5-percent economic growth target, nickel rose to a nine-month high.
Bloomberg reported that after China retained its 7.5-percent economic growth target, nickel rose to a nine-month high.
As quoted in the market news:
‘The upswing is continuing, partly on the back of news from China,’ Commerzbank AG analysts led by Eugen Weinberg said in a note today. ‘All of this points to continued robust Chinese demand for commodities in general, and for metals in particular.’
Nickel for delivery in three months advanced 1 percent to $15,301 a metric ton at 3:15 p.m. on the LME, after reaching $15,345, the highest since June 5.