BHP - Nickel Monthly News For The Month Of November 2018
Welcome to the nickel miners news for November. Trade war and China slowdown concerns weighed on the nickel price sending it lower in November, causing the nickel miners to mostly fall despite rapidly declining LME inventory levels. Doubts cast on plans for deluge of new nickel supply from Indonesia.
Nickel price news
As of November 27, the nickel spot price was US$4.86/lb, down from US$5.37 last month. The London Metals Exchange [LME] inventory fell again for the month (see LME graph below).
Nickel spot prices - 5-year chart - USD 4.86/lb
Source: InfoMine.com
LME nickel