LME nickel news-prices bounces back

LME nickel price bounces back; base metals await Fed rate decision

Nickel was the standout performer on the London Metal Exchange on the afternoon of Wednesday June 14, recovering from yesterday’s one-year low.

 

Zinc and lead also climbed – zinc rebounded after being hit yesterday by weakness in Chinese steel prices. But copper and aluminium drifted lower due to lack of significant news.

 

Investors are awaiting the statement from the Federal Reserve late today after the conclusion of its two-day meeting for further direction for the markets. The US central bank is widely expected to raise the Fed funds rate by 25

-metalbulletin

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