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Reuters reported on base metals trading on Wednesday noting nickel is dropping on expected oversupply of the metal.
Reuters reported on base metals trading on Wednesday noting nickel is dropping on expected oversupply of the metal.
As quoted in the market news:
Nickel was almost steady at $17,826 a tonne after hitting a 2012 trough on Tuesday at $17,779 on prospects of a supply glut. The global nickel market was in supply surplus by 7,100 tonnes in January 2012, the latest monthly bulletin from Lisbon-based International Nickel Study Group showed.