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SHERF - Nickel Monthly News For The Month Of October 2018
Sherritt Intl Corp
Welcome to the nickel miners news for October. The trade war-depressed markets took its toll on nickel this month with the metal price falling significantly despite LME inventory levels also falling significantly. It shows the current market is driven by negative sentiment and fear of a China slowdown.
Nickel price news
As of October 26, the nickel spot price was US$5.37/lb, down from US$5.72 last month. The London Metals Exchange [LME] inventory also fell significantly for the month (see LME graph below).