About: LME Nickel

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LME Nickel stands for a group of spot, forward, and futures contracts, trading on the London Metal Exchange (LME), for delivery of primary Nickel that can be used for price hedging, physical delivery of sales or purchases, investment, and speculation. Producers, semi-fabricators, consumers, recyclers, and merchants can use Nickel futures contracts to hedge Nickel price risks and to reference prices. As of December 31, 2019, LME Nickel is associated with 153,318 tonnes of physical Nickel stored in 500 LME approved warehouses around the world. This is 5.67% of the 2019 global estimated mined Nickel production of 2.7 million tonnes. Despite the low share of physical Nickel associated with LME Nickel contracts, global physical Nickel transactions are usually based on LME Nickel prices. This pr

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  • LME Nickel stands for a group of spot, forward, and futures contracts, trading on the London Metal Exchange (LME), for delivery of primary Nickel that can be used for price hedging, physical delivery of sales or purchases, investment, and speculation. Producers, semi-fabricators, consumers, recyclers, and merchants can use Nickel futures contracts to hedge Nickel price risks and to reference prices. As of December 31, 2019, LME Nickel is associated with 153,318 tonnes of physical Nickel stored in 500 LME approved warehouses around the world. This is 5.67% of the 2019 global estimated mined Nickel production of 2.7 million tonnes. Despite the low share of physical Nickel associated with LME Nickel contracts, global physical Nickel transactions are usually based on LME Nickel prices. This practice began in the 1970s to 1982, when producer Nickel prices, especially Canadian producer prices collapsed, and the industry switched to LME prices. (en)
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  • LME Nickel stands for a group of spot, forward, and futures contracts, trading on the London Metal Exchange (LME), for delivery of primary Nickel that can be used for price hedging, physical delivery of sales or purchases, investment, and speculation. Producers, semi-fabricators, consumers, recyclers, and merchants can use Nickel futures contracts to hedge Nickel price risks and to reference prices. As of December 31, 2019, LME Nickel is associated with 153,318 tonnes of physical Nickel stored in 500 LME approved warehouses around the world. This is 5.67% of the 2019 global estimated mined Nickel production of 2.7 million tonnes. Despite the low share of physical Nickel associated with LME Nickel contracts, global physical Nickel transactions are usually based on LME Nickel prices. This pr (en)
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  • LME Nickel (en)
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