Lack of purchases halt nickel

Nickel Investing News reports nickel prices are improving with the rebalancing for base metals.

Now, it is one month into the year and the gains have halted.  London Metal Exchange three-month nickel closed Friday at US$11,150 a metric tonne, down 8 per cent on the week, and off 17 per cent since the start of the year. LME nickel prices have fallen by around 80 per cent from their record high near US$50,000, hit in May 2007.

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