Nickel prices hit lowest level since 2009

Jun 11, 2013 | 03:01 PM | Daniel Fitzgerald

Tags  nickel, London Metal Exchange, nickel prices, LME, nickel demand, nickel supply, nickel surplus, nickel pig iron NPI

NEW YORK — Nickel has dropped to its lowest close on the London Metal Exchange since July 2009, although the trend is unlikely to stimulate more buying in the U.S. market, traders said.

The LME’s three-month nickel contract closed the official session June 11 at $14,560 per tonne ($6.60 per pound), its lowest level since closing at $14,415 per tonne ($6.54 per pound) July 13, 2009.....

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