EPIC RESEARCH MCX NICKEL UPDATE OF 11 MAY 2017

Nickel trading range for the day is 579.3-604.7. Nickel prices dropped amid of the concern that the restart of Indonesian nickel ore exports and easing concerns about Philippine nickel ore supply. The new Philippines environment minister said he wants to balance conservation and mining interests, signalling intent to settle a bitter dispute. Philippine President Rodrigo Duterte said the government cannot scrap an existing mining law but added that he wants to implement stricter measures.

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