Nickel premiums rise on supply, Russia fears

Mar 28, 2014 | 12:41 PM | Rey Mashayekhi

Tags  nickel premiums, melting-grade, Norilsk, Russia, London Metal Exchange, LME, Rey Mashayekhi

AUSTIN, Texas — Melting-grade nickel premiums increased this past week as the North American market continued to experience tightness in available material and rising anxiety over the potential supply impact of further sanctions against Russia.

AMM’s melting-grade premium rose to 25 to 33 cents per pound March 26, up from 23 to 30 cents previously, while plating-grade premiums remained in a range of 60 to 70 cents per pound.....

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