EPIC RESEARCH MCX NICKEL UPDATE OF 12 MAY 2017

Nickel trading range for the day is 585.2-611. Nickel prices gained as prices seen supported by worries about supplies of nickel ore from the Philippines. Nickel ore output in the Philippines, fell 51 percent in the first quarter due to rains and the suspension of mine operations, government data showed. Extractive industries like mining should be promoted, not curbed, the Philippines' finance minister said.

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