MARKET TALK: LME 3-Mo Nickel Continues Gains,Eyes $50,000/Ton

LME 3-month nickel is seen hitting $50,000/ton today on fresh speculative inflow, says a trader. "Two big funds are having a bit of a tug of war on that one," he says. A friendly but cautious tone for the day, he says. LME nickel traded last at a fresh high of $49,650/ton, +0.5% on the day.