Nickel Futures Advance to Highest Ever on London Metal Exchange
2007-05-04 02:29 (New York)
By Simon Casey
May 4 (Bloomberg) -- Nickel, a metal mostly used to make
stainless steel, rose to a record on the London Metal Exchange.
Nickel for delivery in three months on the LME increased as
much as $443, or 0.9 percent, to $50,243 a metric ton and was at
that price as of 7:20 a.m. local time.
The previous all-time high of $50,200 a ton was set April
24. Nickel has advanced 51 percent this year.
--Editor: Carrigan.
Story illustration: For top commodity news, see {CTOP <GO>}.
To contact the reporter on this story:
Simon Casey in London at +44-20-7673-2631 or
[EMAIL PROTECTED]
To contact the editor responsible for this story:
Justin Carrigan at +44-20-7673-2502 or [EMAIL PROTECTED]
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