RE: nickel15 Feb 2017 17:03
Nickel rose to a 10-week high on Wednesday after the Philippines Department of Environment and Natural Resources said Tuesday that it planned to cancel 75 contracts with mining companies because of environmental concerns. However, those projects aren't yet producing nickel, so the cancellations are more likely to affect long-term production and prevent new mining projects.
Nickel prices were up 0.42% at $10,835 per metric ton on Wednesday.