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Reuters reported that nickel prices have reached its lowest in four years at $15,092 per ton.
Reuters reported that nickel prices have reached its lowest in four years at $15,092 per ton.
As quoted in the market news:
Nickel prices have come under pressure from limp stainless steel demand, which has pushed LME inventories to record highs , and toppled prices to their lowest in almost 4-year low at $15,092 a tonne earlier. The metal later recovered to close at $15,300 a tonne from $15,165.