Spot nickel demand up on LME prices

Oct 24, 2013 | 03:51 PM | Rey Mashayekhi

Tags  nickel, nickel premium, London Metal Exchange, nickel prices, nickel pig iron, NPI, melting-grade nickel, plating-grade nickel China nickel pig iron

NEW YORK — Spot market nickel trading has picked up, market players said, although metal premiums remain flat.AMM’s melting-grade premium held at 15 to 25 cents per pound, and plating-grade at 50 to 60 cents per pound.Meanwhile, the global nickel market experienced a week in which speculation over the future of China’s nickel pig iron (NPI) industry coincided with a rally in nickel prices on the London Metal Exchange.....

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