Increased volume, Nickel demand high10 Sep 2021 15:29
I agree with IG, the bid wouldn’t be sat at £3.55 otherwise
Starting to heat up again :-)
Nickel reached 7 year high :-)
Nickel reached $20,705 per tonne on Friday morning - a price not seen since 2014 when it rose as high as $21,625 per tonne. This compares with Thursday's closing price of $20,190 per tonne.
Nickel inventories on the LME have fallen further, with on-warrant amount dropping by 1,974 tonnes to 118,008 tonnes, the lowest since December 2019. Available stock on the LME have dropped by 2.6% this week from 121,158 tonnes on Monday.