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Nickel Rises to 3-Month High as Stainless Steelmakers Stock Up on Economic Growth
Jan. 31, 2013 04:18PM PST
Base Metals Investing Bloomberg reported that nickel rose to a 3-month high as stainless steel companies restock on metal amid signs of positive 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.