BHP - Nickel Monthly News For The Month Of December 2018
Welcome to the nickel miners news for December. Trade war and global growth slowdown concerns continue to weigh on the nickel price, despite rapidly-falling LME nickel inventories.
Nickel price news
As of Dec. 24, the nickel spot price was US$4.90/lb, about the same as US$4.86 last month. The London Metals Exchange ((LME)) inventory fell yet again for the month (see LME graph below).
Nickel spot prices - five-year chart - USD 4.90/lb
Source: InfoMine.com
LME nickel 5 year inventory
The chart below shows nickel inventory levels have declined and are now back to 2013 levels