WSA western areas limited

METALS-Shanghai nickel rises on low stockpiles, Nornickel...

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    METALS-Shanghai nickel rises on low stockpiles, Nornickel accident

    SINGAPORE, Oct 23 (Reuters) - Shanghai nickel prices rose on Wednesday, tracking gains overnight in London, buoyed by supply concerns amid falling inventories and following an accident at major nickel producer Nornickel’s mine in Siberia.

    The most-traded nickel contract on the Shanghai Futures Exchange (ShFE) rose as much as 4.8% to 132,210 yuan ($18,668.72) a tonne, after benchmark nickel on the London Metal Exchange (LME) climbed 2.5% in the prior session.

    The Shanghai contract ended up 3% at 129,970 yuan a tonne.
 
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