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RPT-COLUMN-Nickel rally fades, electric vehicle buzz doesn't:| by Andy Home


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Was it another false dawn for the nickel market? 

Last week’s rally to a five-month high of $13,350 per tonne on the London Metal Exchange has gone into sharp reverse. Nickel was trading back at $12,385 on Tuesday. The trigger for the price surge was concern that Brazilian producer Vale’s nickel operations would suffer some sort of knock-on effect from the devastating tailings collapse at the company’s Brumadinho iron ore mine. 

Such fears have proved unfounded.  So far. 

CONTINUE READING ON uk.reuters.com

                   

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