Spot nickel premiums slide on surplus

Aug 21, 2014 | 05:34 PM | Rey Mashayekhi

Tags  nickel, nickel premiums, spot market, London Metal Exchange, LME, plating-grade, melting-grade, Rey Mashayekhi

NEW YORK — Spot premiums for refined nickel units in the North American market have slipped in recent weeks, with industry sources noting a surplus of available material on the market and a late-summer slowdown in trading activity.

AMM’s spot melting-grade nickel premium assessment fell to 23 to 28 cents per pound Aug. 20 from 25 to 30 cents previously, while spot plating-grade premiums held at 60 to 70 cents per pound.....





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