Nickel prices dropped tracking LME prices slid 3.1 percent to close at $13,590 amid a slowdown in Chinese economic growth and a strong US dollar
Philippines has lifted a two-year moratorium on approving mining exploration permits.
The Caixin/Markit Manufacturing Purchasing Managers’ Index declined to 50.8 in July from June’s 51.0, matching forecast and a November 2017 level.
Warehouse stock for Nickel at LME was at 254262mt that is down by -1782mt.
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