March 5th LME market: nickel futures rise weekly line still hit the biggest decline in nearly 10 years

Published: Mar 7, 2021 20:23

Source: Cultural finance and economics

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(LME) nickel on the London Metal Exchange rose on Friday, buying bargains after two consecutive days of sharp falls, but the weekly line is still on track for the biggest drop in nearly a decade as expectations of shortages cooled after a major supply deal was finalised.

17:00 London time (Beijing 01:00 on March 6th)), LME three-month nickel rose $292, or 1.81%, to settle at $16425 a tonne. The weekly line recorded an 11.6% decline, the biggest since September 2011.

LME market market

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