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U.S. government and General Motors and Chrysler signed the loan agreement up to 17.4 billion U.S. dollars. Rumor that Bank of Japan will cut the targeted policy interest rate to 0.1% on Friday stimulate the metals to rebound.
Christmas holidays approaches, the downstream consumer market is difficult to rebound sharply, the economic news guide the market trend, LME nickel will follow the trend of copper prices, therefore the nickel prices are expected to fluctuate widely in the USD 9,000-10,500/mt range.
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