Nickel Advances as China’s March Loan Data Exceeds Estimates

Bloomberg reported that nickel and other base metals gained as China’s loan data in March exceeded initial forecast.

As quoted in the market news:

Nickel for delivery in three months rose 0.8 percent to $16,175 a metric ton on the London Metal Exchange as of 10:07 a.m. Shanghai time. Lead climbed 0.4 percent to $2,098 a ton, and zinc gained 0.2 percent to $1,914 a ton, while copper and aluminum were little changed.

Click here to read the full Bloomberg report.