LME Nickel Price Reaches 18,000 Dollers

Nonferrous metal market at London Metal Exchange(LME) increased basically, after Easter. Nickel has been rising from the beginning of this year with bullish factor like trade embargo in Indonesia, and the settlement price (the selling price in the morning market) reached 18,000 dollers per tonne, it was the highest price in recent 14 months. Aluminum is also the highest level in this year. On the other hand, though copper dropped rapidly with bearish sentiment for use for financial dealings, decreasing hardened and entered a correction phase.