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MetalMiner reported that the nickel spot price fell 1.3 percent on Tuesday, closing at $14,850 per metric ton (MT) on the London Metal Exchange (LME). Nickel for three-month delivery fell to $14,945 per MT on the LME, a 1.1 percent decline.
MetalMiner reported that the nickel spot price fell 1.3 percent on Tuesday, closing at $14,850 per metric ton (MT) on the London Metal Exchange (LME). Nickel for three-month delivery fell to $14,945 per MT on the LME, a 1.1 percent decline.
As quoted in the market news:
Nickel stockpiles continue to reach all time record highs now at 183,700 tons. With Norilsk just starting to ship again, more tonnage will arrive at LME warehouses.
Meanwhile, Standard & Poor’s raised its rating on AK Steel from a sell to a hold based on rising sales over 2012 and better control over raw material costs.
Click here to read the full MetalMiner report.