- Published: Tuesday, 08 November 2016 16:13
- Written by Steve Fiscor
By Steve Fiscor, Editor-in-Chief
The news that 30 mines, 18 of them nickel producers, in the Philippines would be closed caused nickel prices to spike briefly during September. Nickel prices on the London Metal Exchange (LME) had dropped from more than $10,800 per metric ton (mt) in early August to a little more than $9,600 by mid-September. Prices then grew almost to $10,800/mt at the time the news broke of the possible closure in the Philippines and the market has been searching for direction since.