Nickel Spot Price Shifts Up Nearly 2% on Daily Index

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The nickel spot price saw the biggest increase at 1.9 percent on the LME, finishing at $18,830 per metric ton for Oct. 3, 2012. On the LME, the nickel 3-month price increased 1.6 percent to $18,855 per metric ton.

The Indian nickel cash price closed Wednesday halting its two-day flat run with a 0.1 percent decline.

Chinese stainless steel prices for 304 and 316 coil and scrap were flat for the day.

The price of Chinese ferro-chrome held steady, and the price of Chinese ferro-moly saw essentially no change for the fifth day in a row.

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