Nickel Dropped As The As The US Dollar Rallied After Prices Gained

Nickel trading range for the day is 869.2-921.8.

Nickel dropped as the as the US dollar rallied after prices gained bolstered by substantial decline in LME nickel inventories.

LME nickel stocks fell to their lowest since June 2013, LME data showed on Wednesday. Inventories in China, however, are more plentiful.

China produced 12,100 mt of refined nickel in January, up 1.44% from a year earlier.

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