Nickel Rises to 14-Month High on Indonesia Ban, Ukraine
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Nickel advanced for an 11th day to the highest level since February 2013 on concern that Indonesia’s ban on unprocessed ore exports will limit global supplies and as tensions escalated between Ukraine and Russia.
The metal for delivery in three months on the London Metal Exchange climbed as much as 2.6 percent to $17,845 a metric ton and traded at $17,796 at 3:22 p.m. in Shanghai. Today’s gain marks the longest winning streak since October 2010.