Nickel trading range for the day is 705.8-750.2. Nickel prices tank down by -3% on profit booking despite Global nickel market ended in deficit of 51,500 tonnes during 2016. World Nickel mine production was 1,852.7 kt in Jan-Dec 2016, lower by 271.0 kt when compared with the corresponding period in 2015. Philippine government officials fail to back down over threatened closures to over half of the nation’s nickel mines on environmental grounds.
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