Nickel Has Biggest Two-Day Rally Since ’12 on China Relief Rally
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Nickel posted the biggest two-day rally since 2012, leading industrial metals higher, as the Chinese government stepped up measures to stem a rout in the country’s stock market.
On the London Metal Exchange, nickel for delivery in three months rose 4.9 percent to settle at $11,500 a metric ton at 5:50 p.m., the biggest increase since Oct. 28. In two days, the price jumped 8 percent, the most since Sept. 17, 2012. At the same time, a gauge of six LME had the largest gain in 15 weeks.