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Nickel Futures up on Spot Demand

Investing News Network
Feb. 10, 2011 11:02PM PST
Base Metals Investing

Economic Times reports that at the London Metal Exchange, nickel climbed 1.6 per cent to $28,300 per tonne.

Economic Times reports that at the London Metal Exchange, nickel climbed 1.6 per cent to $28,300 per tonne.

The market news is quoted as saying:

Market analysts said the rise in nickel futures was mostly attributed to pick up in demand at the domestic market from steel makers and firming trend in copper and other base metals overseas.

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