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Nickel Gains on China Stimulus Speculation, Indonesia Ore Ban

Nickel rose for the third time in four days on speculation that China, the world’s biggest user of industrial metals, will take further steps to support growth and as Indonesia held firm on its export ban on unprocessed ore.

The metal for delivery in three months on the London Metal Exchange advanced as much as 0.8 percent to $18,710 a metric ton and was at $18,645 by 4:02 p.m. in Tokyo. Prices are up 34 percent this year, the most among six main metals on the LME.