Nickel trading range for the day is 561.9-605.7. Nickel gained bolstered by higher oil prices and hopes that production cuts at mines were starting to curb surpluses.
Investors were waiting for upcoming reports from mining groups, which will give signals about how production suspensions and closures have affected overall output levels.
Nickel, mainly used to make stainless steel, slid more than 40 percent last year, which has piled pressure on producers.
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