This is from a Reuters cable NICKEL CLIMBS FURTHER ON NORILSK Nickel remained at 2-1/2 year peaks on renewed rumblings over a stoppage at number one producer Norilsk Nickel in Russia. "There was panic in the air this morning -- above $8,100 it looks very good," a trader said. The metal notched up gains of $140 to close at $8,440, having peaked at $8,625 earlier in the day. Russian metals giant Norilsk said late on Tuesday that the only way to meet union pay demands in full could be to lay off 8,000 workers. A trade union representing around a quarter of the division's 60,000 employees said it would decide next week whether to call a strike over demands for a 17 percent pay rise.
MCR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
