MARKET TALK: LME Nickel Hits Record High $48,500/Ton

LME 3-month nickel hits record high $48,500/ton on technical buying, backed by bullish sentiment, gains in other base metals. LME 3-month copper pares losses, last at $6,540/ton, even with London PM kerb. Trader in London tips nickel to hit $51,000/ton, adds copper faces resistance at $6,600.