EPIC RESEARCH MCX NICKEL UPDATE OF 03 NOVEMBER 2017

Nickel trading range for the day is 778.1-849.3. Nickel prices dropped as traders cashed in gains after prices posted its biggest two-day jump in more than three years. Manufacturers are increasingly trying to boost usage of nickel in electric vehicle batteries in preference to expensive, hard-to-source cobalt. Philippine is expected to export about 4.66 million wet tonnes nickel ore in October, dropping dramatically compared with September.

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