17 Sep, 23

Is The LME Losing Its Grip On Global Nickel Pricing?

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Via Metal Miner The nickel price index continued to trend downward, as it fell to its lowest level since July 2022 by mid-September. Following an over 7% decline during August, prices fell nearly 3% during the first two weeks of September. As prices drop toward historical support zones, they come close to wiping out nearly all gains from the last major uptrend in H2 2022. While the LME nickel contract remains plagued by low liquidity, the continued creation of lower highs and lower lows suggests bearish momentum within the market. Overall, the…

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