Nickel depreciates as other base metals keep thriving

23.05.2022

Copper extended its recovery on Friday on optimism about a revival of demand in top metals consumer China after a mortgage rate cut and further progress in lifting COVID lockdowns.

Benchmark three-month copper on the London Metal Exchange (LME) gained 0.8% to $9,490 a tonne by 1035 GMT, its highest since May...