Nickel Prices

The metal has continued to be the basic metals sector's worst-performing contract commodity on the LME thus far in 2023, with a decline of more than 20%.

London Metal Exchange plans to resume nickel trading from March 16

This comes after China's Tsingshan Holding Group, one of the world's largest nickel and stainless steel producers, announced on March 14 it had entered into an arrangement with lenders under which they will not issue margin calls on or close out the producer's nickel positions on the LME.

Builders to be worst hit by commodity price increases; steel, aluminium makers to reap export bonanza  

The construction industry has to bear the brunt of the increase in steel and aluminium price. With steel prices up by 65% and aluminium and copper prices by 30% in the country in the last 18 months, the cost of construction has already risen.

Commodities@Moneycontrol | Roundup of key happenings in the market

Here's a roundup of key updates in commodities market.

Buy Gold; may test Rs 26900-26950: Nirmal Bang

According to Nirmal Bang Gold prices are expected to test Rs 26900-26950 levels on higher end. One can buy around Rs 26650-26600 maintaining a stop loss below Rs 26400.

Buy Gold on dips around Rs 26500: Nirmal Bang

Nirmal Bang has come out with its technical report on metals & energy. One can buy Gold on dips around Rs 26500 with a stop loss of Rs 26380, says the research firm.