Nickel trading range for the day is 723.3-750.1. Nickel dropped tracking weakness from LME Nickel as supply-side issues in Indonesia and the Philippines have again taken centre stage in the nickel market. Concerned at the environmental impact of mining, the world's top nickel ore supplier has already halted the operation of 10 mines. Technically market is under fresh selling as market has witnessed gain in open interest by 8.54% to settled at 12340.
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