Nickel in longest winning streak since 2010 on Indonesia ban
Singapore – Nickel held near nine-month highs on Friday, heading for a seventh session of gains in what would be its longest rally since October 2010, with global supply tightened by Indonesia’s ban on ore exports.
Nickel is the best performing base metal this year with a gain of more than 11 percent.
The more-traded copper has lost 4.4 percent amid signs Chinese demand may slow as the top user of the metal eyes a less-investment driven economic expansion.
Three-month nickel on the London Metal Exchange was up 0.2 percent at $15,497 a tonne by 0327 GMT, heading for a seventh session of gains that would mark its longest rally since an 11-day stretch in September-October 2010.
Read more at: http://www.mb.com.ph/nickel-in-longest-winning-streak-since-2010-on-indonesia-ban/
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