Nickel prices move higher on Indonesia’s ban

Feb 10, 2014 | 12:38 PM | Chloe Smith

Tags  nickel, aluminum, copper, Indonesian export ban, London Metal Exchange, LME, Chloe Smith

LONDON — Nickel prices climbed to their highest level in nearly two weeks amid expectations that the Indonesian ore export ban will tighten supplies and drive further gains.

The London Metal Exchange’s three-month contract closed the official session Feb. 10 at $14,305 per tonne ($6.49 per pound), up 4.1 percent from $13,745 per tonne ($6.23 per pound) at the end of January.....

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