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Nickel Prices Boosted by Indonesian Export Rules, China Stimulus Speculation
Aug. 14, 2014 09:44AM PST
Base Metals Investing
Bloomberg reported that nickel prices rose for the first time in four days today. Those gains came as Indonesia maintained its ban on exporting unprocessed ore from the country, and as China suggested it would take action to support economic growth.
Bloomberg reported that nickel prices rose for the first time in four days today. Those gains came as Indonesia maintained its ban on exporting unprocessed ore from the country, and as China suggested it would take action to support economic growth.
As quoted in the publication:
The metal for delivery in three months on the London Metal Exchange advanced as much as 0.8 percent to $18,710 a metric ton and was at $18,645 by 4:02 p.m. in Tokyo. Prices are up 34 percent this year, the most among six main metals on the LME.