24/4/07: LME nickel <MNI3> hit a new high of $50,200 and was up 1.2 percent at $50,000/50,100. Only 2,958 tonnes were available in warehouses -- less than one day of global consumption. "In the base metal sector, we are most bullish on nickel as we believe that the commodity reflects one of the tightest markets," JP Morgan said in a report.
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