Nickel hit a 14-month high in London on Monday, Dec. 14, 2020. And as Reuters reports, climbed to a contract high in Shanghai on higher stainless steel prices in China and concerns about supply.
Three-month nickel on the London Metal Exchange rose 2.8% to $17,775 a ton, the highest since Oct. 11, 2019.
The most active February nickel contract on the Shanghai Futures Exchange climbed 3.4% to 133,190 yuan ($20,376.04) per ton, gaining for the sixth straight session.
Shanghai stainless steel futures rose more than 3% in early trade.
Nickel and other base metals were also supported in London by investors who were cautiously optimistic amid prospects for additional U.S. stimulus and expanded trade talks between the EU and the UK.
Source: reuters.com
Steelnews.biz constantly searches the Internet for important, interesting and informative news.
Are you missing an information, do you have a question or are you interested that we refer to a certain article or press release of Steelnews.biz? Then simply contact us now.
We always try to refer to the correct source of a news item.
Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.
