Nickel's spectacular rally hits buffers

From finance.nine.com.au

Nickel prices fell at the end of last week as a two-week explosion of buying which helped push the metal used in stainless steel to its highest in more than a year appeared to run out of steam. Copper, meanwhile, surged on Friday to a two-month high as investors ramped up bets that US interest rates will fall. Benchmark nickel on the London Metal Exchange (LME) ended down 0.7 per cent at $US14,750 a tonne, but still up more than nine per cent this week. Prices on Thursday touched $US15,115, the highest since June 2018 and up a massive 20 per cent in just two weeks. "The rally was driven by technical and ... (full story)