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  • January 10, 2022
  • Industry News
Nickel price hit highest in a month with inventories close to record lows

Nickel price rose on Monday to their highest level in more than one month, with inventories of the metal hovering close to record lows.

The most actively traded February nickel contract on the Shanghai Futures Exchange ended daytime trading up 2.5% at 154,840 yuan ($24,300.06) a tonne. Earlier in the session, prices rose to 155,160 yuan, a peak since Nov. 25.

[Click here for an interactive chart of nickel prices from Mining.com]

Three-month nickel on the London Metal Exchange was up 0.9% at $20,915 a tonne, as of 0305 GMT, a jump of more than 15% since last January.

Nickel prices LME

Read the entire story from Mining.com HERE

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