Nickel settled down on profit booking as speculation are high that global refined nickel production will increase from 1.89 Mt in 20 17 to 1.92 Mt in 2018.
China’s steel purchasing managers’ index in December stood at 50.2 points, down 2.9 points from November, according to data.
Group’s nickel smelter caught fire due to organic solvent, and about 10,000 mt of output is estimated to be affected.
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