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Nickel traded around $16,000 per tonne, extending its rebound amid short-covering and prospects of coordinated production cuts in Indonesia. Major Chinese producers are expected to discuss output cuts, raising hopes of tighter supply after an earlier attempt in August failed. However, the broader outlook remains weighe
Oct 15 (Reuters) — Copper slipped on Thursday amid concerns that persistent inflation could prompt further interest rate hikes, while aluminium prices fell for a third straight session. Benchmark three-month copper on the London Metal Exchange fell 0.4% to $14,427.50 a metric ton by 0201 GMT after hitting a three-week
Copper prices extended gains for a sixth session as China stocked up ahead of holidays, while a stronger dollar capped the advance.
Nickel traded around $16,400 per tonne, extending gains as concerns over supply disruptions in Indonesia emerged. Smelters at the Morowali Industrial Park will cut nickel pig iron production due to an El Niño-driven water shortage, with the affected output potentially reaching around 100,000 tonnes, raising concerns ov
Nickel traded around $16,800 per tonne in late August, extending losses as refined-nickel inventories stayed in surplus and Chinese demand remained weak. LME inventories rose 0.8% to 268,314 tonnes.