Global nickel stocks at LME rose by 732 tons and the total stocks as on Friday stood at 280404 tons
The cash to forward premium for nickel at LME shrunk from $46 to $22 which further declined to $3 indicating the spot demand is high
Vale says New Caledonia Nickel operations Remain suspended – We believe this news is certainly going to have a positive impact on nickel prices.
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