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

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

Mar 7, 2021 20:23

Source:Cultural finance and economics

(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.

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

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025