[Ferro-Alloys.com]LME nickel price rose on Wednesday after hitting $16,483/t the previous day, which is a fresh five-month low, with the closed price at $17,474/t. The investors might take the slide as a buying opportunity ahead of expected shortages.

[Ferro-Alloys.com]The price began to fall after the market opened up on Tuesday (Sept. 23), hitting a new low this month at $16,483/t, and then started to rebound, closing at $17,179/t.

[Ferro-Alloys.com]A significant decline for LME nickel price was seen on Monday. A five-month low at $16,955/t was created yesterday, with a closed price at $16,980/t, down 4.47%.

[Ferro-Alloys.com]LME nickel price almost hit the four-month lowest price on Sept. 16 with a intraday lowest at $17,700/t, while the lowest price from May 1 to day is $17,770/t.

[Ferro-Alloys.com]LME nickel price closed at $18,099/t on Monday, down 1.5% with a intraday lowest at $18,050/t.

The LME nickel price hit a three-month high on Monday at USD19,940/t in consequence of the Philippine ban of mines export.

During the second week of Sept., one representative in Philippines suggested to ban the exports of Unprocessed metal ore for improving the added value of ores. The news encouraged the nickel price, which improved by USD1395/mt in four days. However, on Sept., ...

London Metal Exchange nickel has spurted from US$6.31 a pound in December 2013 to US$8.64 in July and should climb to US$10.75 in 2015 and US$12 in 2016, the Scotiabank report says.