Nickel trading range for the day is 790.9-833.5. Nickel prices gained driven by hopes that growth in electric vehicles would boost demand for the metal in batteries. Investors will be looking at Chinese fixed asset investment and industrial production numbers for October to glean any signs of weakening demand for commodities. Nickel ore inventories in all domestic ports is 106.3 million wet tonnes, converting into 86,900 metallic tonnes, rising 460,000 wet tonnes on weekly basis.
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