(Reuters) - London Metal Exchange lead touched a new record high on Wednesday, lifted by low stockpiles, while nickel fell by nearly two percent following the previous session's heavy losses.
Nickel for three-months delivery bounced to $38,850 a tonne, up 3.3 percent, in early trade, before falling back to $36,925/36,950 by 1446 GMT. In the previous session it closed at $37,600 after tumbling 7.2 percent as stainless steel producers cut back use of the metal.
Read more at Reuters Africa
Nickel for three-months delivery bounced to $38,850 a tonne, up 3.3 percent, in early trade, before falling back to $36,925/36,950 by 1446 GMT. In the previous session it closed at $37,600 after tumbling 7.2 percent as stainless steel producers cut back use of the metal.
Read more at Reuters Africa
No comments:
Post a Comment