MARKET TALK: LME Nickel Bulls Underpin Mkt Near Highs

London Metal Exchange nickel holds steady, not far from record highs as positive fundamentals and a still bullish attitude towards the metal from the hedge fund community underpins prices, a broker says. "Although nobody can deny nickel's positive fundamentals, the market's resilience suggests the overall fund community is still net long," he adds. LME nickel trades last at $37,550 a metric ton, up 1% on the day and 2% higher from Friday.