Nickel Dropped As The Two Biggest Nickel Miners In The Philippines

Nickel trading range for the day is 617.2-668. Nickel dropped as the two biggest nickel miners in the Philippines, said prices for the metal would be robust this year due to growing demand from China. 

However downside seen limited as powerful cyclone that hit New Caledonia and shuttered nickel operations has moved offshore.

Forecasts from the likes of the World Bank show prices could average around $11,000 in 2017 that would compare to around $9,500 last year.

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