Markets are focused on Gold right now but in time will shift or also include Nickel and Nickel related listed companies .LIVE FUTURES REPORT 08/08: LME nickel price soars 11% to $16,690/t in continued buying frenzy
The three-month nickel price on the London Metal Exchange continued its upward trajectory during morning trading on Thursday August 8, rallying by more than 11% to reach its highest level in 18 months.
Nickel’s futures price reached an intra-morning high of $16,690 per tonne, appreciating by more than $1,800 per tonne, while more than 10,600 lots have already traded as at 9am London time.https://do not advertise external sites/Article/3888023/Latest-news/LIVE-FUTURES-REPORT-0808-LME-nickel-price-soars-11-to-16690t-in-continued-buying-frenzy.html
In what traders have called a broadly technical move, the metal’s three-month price breached $15,100 per tonne - a key technical threshold - after the 5pm close on Wednesday, to reach a year-to-date high of $15,500 per tonne.Nickel Proves It’s the Wildest Metal With Sudden $2,000 Spike
Bloomberg NewsAugust 8, 2019, 2:08 PM GMT+10Updated on August 9, 2019, 4:25 AM GMT+10Nickel is by far the best-performing base metal this year, with most other contracts declining. It has benefited from dwindling global stockpiles, long-term prospects for a demand boost from its use in electric-vehicle batteries, as well as concerns that Indonesia could curb supplies.
https://www.bloomberg.com/news/articles/2019-08-08/nickel-jumps-almost-2-000-in-asia-as-china-prices-hit-record