Nickel Rises to 3-Month High as Stainless Steelmakers Stock Up on Economic Growth

Bloomberg reported that nickel rose to a 3-month high as stainless steel companies restock on metal amid signs of positive economic growth.

As quoted in the market news:

Nickel for delivery in three months jumped as much as 1.1 percent to $18,575 a metric ton on the London Metal Exchange, the highest since Oct. 5, and was at $18,563 a ton by 10:22 a.m. in New York. Nickel rose 8.3 percent this month, leading gains for the six main metals on the LME after being the only one to drop last year.

Click here to read the full Bloomberg report.