Plating-grade nickel premiums rise

Dec 05, 2013 | 01:37 PM | Rey Mashayekhi

Tags  nickel, London Metal Exchange, LME, premiums, melting grade, plating grade, automotive, Rey Mashayekhi

NEW YORK — Plating-grade nickel spot premiums have risen due to increased demand from the automotive industry, traders said.

AMM’s plating-grade premium rose to a range of 60 to 70 cents per pound Dec. 4 from 50 to 60 cents previously.

Traders noted that an increase in demand for plating-grade material, primarily from the automotive sector, has driven up premiums.

"The auto industry is causing the plating market to produce at higher levels, causing tightness," one trader source said.....

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