Nickel buying picks up, premiums steady

Aug 29, 2013 | 01:27 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 market participants said that spot trading activity has picked up in recent weeks, but not enough to move premiums up from record lows.

AMM’s melting-grade nickel premium is steady in a range of 15 to 25 cents per pound, while plating-grade premiums remain at 50 to 60 cents per pound.

The London Metal Exchange’s three-month nickel price closed the official session Aug. 29 at $14,135 per tonne ($6.41 per pound), down 4 percent from $14,730 per tonne ($6.68 per pound) two weeks earlier.....

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