Nickel at 5-Week Low [05 September 2024]

Nickel at 5-Week Low [05 September 2024]

Nickel futures dropped to $15,960, hitting a 5-week low amid ample supply. Indonesia, now producing over half of the world’s nickel, has significantly ramped up output in recent years, driving prices down and forcing closures of producers elsewhere.

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Shanghai nickel hits 4-month high

Shanghai nickel jumped on Monday to its highest level in nearly four months, helped by rising ore prices, tightened supply from top producer Indonesia and firm demand from the stainless steel sector.

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Nickel MCX Tips Today

Nickel MCX Tips Today : All Target Price Hit Low 1184.30

Nickel MCX Tips Today : All Target Price Hit Low 1184.30. Nickel MCX yesterday settled up by 0.49% at 1364.1 as global manufacturing activity is surging as government-support programmess and low interestrates protect consumers’ incomes while restrictions on leisure travel and other services divert spending into merchandise.

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