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Nickel prices traded between $13,220 and $13,525 per tonne but it closed just $20 per tonne lower.
“Despite advancing nickel prices, climbing 6% year-to-date, rising Asian output may weigh on the price,” SP Angel analyst John Meyer said. “Nickel ore shipments from Indonesia soared in January to the highest level since 2014 as miners stepped up sales following a relaxation of the government supply ban.”
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