Nickel Falls in London on Signs of Ample Supplies

Bloomberg reported that nickel fell in London as LME data shows stockpiles have climbed 7.8% this year, and may leave ample supplies.

As quoted in the market news:

Nickel for delivery in three months declined 0.1 percent to settle at $18,700 a metric ton at 6:59 p.m. in London. In the past 12 months, prices are down 12 percent, the most among six metals tracked by the exchange’s LMEX Index.

Click here to read the full Bloomberg report.