Nickel dropped on profit booking after prices gained in recent sessions as stainless steel producers bought supplies ahead of a Chinese holiday.
Top supplier Indonesia's plan to ban exports of nickel ore has been brought forward by two years to Jan. 1, 2020.
The premium of LME cash nickel over the three-month contract climbed to $150 a tonne, near the recent decade high of $163
Warehouse stock for Nickel at LME was at 156954mt that is up by 2388mt.
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