MARKET TALK: LME Nickel Eyes $50,000/Ton Amid Supply Woes

The $50,000 a metric ton level looks increasingly likely for LME nickel given critically low stocks and a reluctance by market players to go short, a LME trader says. But volatile conditions are likely to continue on the back of stock movements with "even small deliveries having an impact" he notes. LME nickel is last at $48,400/ton, +2% on the day and +8% from Thursday.