The three months futures price on the London Metal Exchange has been climbing higher in recent weeks. The middle of February, after the first technical correction of the picture-book trend since the start of the year, saw nickel at USD 12,400.00/mt, but then the rise continued. On 6th March a high of USD 13,765.00/mt was reached. However, the increase happened somewhat quickly so another technical adjustment was to be expected, in order to correct the overbought situation. This has brought prices down now to just over USD 13,000.00/mt, yet still a very solid price level.

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