Nickel production cuts said needed

Jun 20, 2013 | 02:03 PM | Daniel Fitzgerald

Tags  nickel premiums, nickel demand, nickel production, LME nickel, London Metal Exchange, Daniel Fitzgerald

NEW YORK — Nickel traders are waiting for production cuts or consolidation to force a rise in premiums or official prices as the spot market remains stagnant.

Melting-grade nickel premiums were steady in a range of 15 to 25 cents per pound and plating grade held at 50 to 60 cents per pound for truckload business.....

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