Nickel trading range for the day is 977.5-1000.5.
Nickel dropped as investors were mostly focused on several US Federal Reserve officials’ speeches concerning easy monetary policy.
Producers face dwindling Indonesian ore supply and government pressure to curb pollution.
Jinchuan Group raised its ex-works prices for nickel in Shanghai by RMB 3,000/mt to RMB 109,000/mt.
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