LME Nickel Down As China Closes Markets

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Base metals moved to lower prices in Thursday’s LME morning session in thin and volatile conditions in the absence of Asian market participants over Chinese New Year – nickel hit a one-year low and zinc its softest for three weeks.

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“For now, we would expect the metals to take their lead from the dollar/euro and from developments over Greece. Should a loan extension be agreed, there may be room for a relief rally,” FastMarkets analyst William Adams said.

 

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