Other Elements and Materials

The future of nickel is positive

The future of nickel is positive
Mining News Pro - Nickel prices on the London Metal Exchange (LME) have kept their uptrend and now reached around 13,800 dollars a tonne.
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According to Mining News,This growth is happening for the fourth consecutive day.

Future delivery prices for next three months will be $ 13,860 per tonne, up $ 85 higher than last weekend.

The strengthening of the US economy and, in some cases, the weakening of the dollar has led to a steady rise in nickel prices.

Meanwhile, London`s stockbare at the London Stock Exchange dropped for three consecutive days, dropping from 1830 tonnes to 257,502 tonnes on the last day.

The cumulative fall in July was 144.478 thousand tons.

Some traders and traders have said the decline in market stock is supporting nickel prices, although there are still worries about the Chinese-American trade war that has affected demand.

If inventory cuts persist, nickel prices will also increase in the future.


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