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All the base metals have been lifted by an expected end to lockdowns and a pickup in activity, particularly in China this quarter.
The weakening U.S. dollar has added a further fillip in recent weeks.
Despite recent gains, nickel price still down for the year
But nickel has proved the laggard, still 5% down on its position at year-end.
This is despite recent comments by Elon Musk during a second quarter earnings call. Musk called on miners to efficiently mine more nickel to meet Tesla's (TSLA) massive upcoming demand for