Nickel prices gained as a rally fuelled by supply shortage worries lost steam.
The premiums of LME cash nickel to the three-month contract eased to $38 a tonne, indicating nearby supply was not as tight as last week.
LME's on-warrant nickel stocks, or those available for delivery, dropped to 83,352 tonnes, their lowest since 2011.
Warehouse stock for Nickel at LME was at 153522mt that is up by 510mt.
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