EPIC RESEARCH MCX NICKEL UPDATE OF 6 DECEMBER 2016

Nickel trading range for the day is 776.8-807.4. Nickel gains after the Philippines said it would close more mines on environmental grounds, potentially curbing supplies of nickel ore. Glencore sees a shortage in nickel arising as a result of burgeoning demand from electric vehicle (EV) production. Nickel ore exports are not occurring from Indonesia, where it is taking time for the nickel pig iron plants to be built.

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