Business
Nickel, copper prices near new highs as China powers on – MINING.com
Nickel at 11-month high and copper close to fresh two-year peak as China’s construction and industrial production soars going into the fourth quarter.
Monday’s trading brings the bellwether metal within sight of levels last seen in June 2018 and brings the recovery since the height of the covid-19 induced sell-off, which sent the copper price crashing to below $2.00 a pound, to 57%.
The robust numbers from China, which consumes more industrial metals than the rest of the world combined, also lifted nickel prices, which hit $15,815 a tonne in London, the highest since November 2019.
Monthly data shows momentum building going into the final qu…
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