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