Nickel rises on mine closure talk

TALK of possible mine closures in the Philippines on Friday pushed nickel towards $US10,000 a tonne.
Nickel rises on mine closure talk Nickel rises on mine closure talk Nickel rises on mine closure talk Nickel rises on mine closure talk Nickel rises on mine closure talk

According to Bloomberg, the Philippines will audit all existing mining operations to ensure they are compliant with international standards for responsible mining.

The comments from Environment Secretary Gina Lopez pushed nickel up by 5.6%, its biggest one-day gain since February.

LME cash nickel now sits at $9926.50/t, its highest level since November 2015.

Other base metals also enjoyed strong gains, with lead up by 3.5%, and zinc and tin rising by more than 2%.

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