Asian nickel prices rose significantly on Monday

From steelnews.biz

Nickel prices on the Asian SHFE rose significantly today, Monday. LME nickel also rose again at the start of trading. US and China approach each other in the tariff dispute, suspension and drastic reduction of mutual tariffs planned. Nickel prices on the Asian SHFE rose significantly on Monday with a gain of around 2%. Spot market prices also rose by up to 2.1%. The prices of 300 series stainless steel in China improved by up to 1%, stainless steel scrap even by more than 1.2%. Last week, FOB prices for Indonesian nickel ore (nickel content 1.4 – 1.6%) also rose by more than 2.9%. European nickel prices had already ... (full story)