LME nickel stocks surpass 200,000T

Aug 01, 2013 | 05:25 PM | Daniel Fitzgerald

Tags  nickel premiums, melting-grade nickel, plating-grade nickel, nickel demand, London Metal Exchange, LME, nickel prices, Daniel Fitzgerald

NEW YORK — Nickel stocks in global London Metal Exchange-listed warehouses have topped 200,000 tonnes as spot demand weakens.

Inventories totaled 203,028 tonnes, the highest level in at least 17 years, including 1,410 tonnes stored in warehouses in Chicago and Detroit, according to July 30 data from the exchange.....

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