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Reuters reported a supply glut has pushed U.S. nickel premiums have below 20 cents per lb for the first time in more than two years.
Reuters reported a supply glut has pushed U.S. nickel premiums have below 20 cents per lb for the first time in more than two years.
As quoted in the market news:
Most participants pegged premiums for melting-grade nickel in a range of 15 to 25 cents per lb, down from a first-quarter range of 20 to 25 cents, while some small-lot spot deals were being quoted as high as 35 cents.
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