source: http://www.basemetals.com/
24 Apr 15:05 (21:05 WIB) Update 3 - Nickel sets new high, copper firm on supply concerns Reuters<http://investing.reuters.co.uk/news/articleinvesting.aspx?type=allBreakingNews&storyID=2007-04-24T110350Z_01_L24640006_RTRIDST_0_MARKETS-METALS-UPDATE-3.XML>- Copper prices were up one percent, nickel hit a new record and zinc hit a three-month high on Tuesday on concerns about supply disruptions and persistently str By Anna Stablum LONDON, April 24 (Reuters) - Copper prices were up one percent, nickel hit a new record and zinc hit a three-month high on Tuesday on concerns about supply disruptions and persistently strong demand, analysts said. The plan by Peruvian miners to launch a strike on April 30 to demand the country's president to improve pension benefits and eliminate outsourcing supported prices.[ID:nN23301115] "There is potential for further upside if Peru nationwide strike by miners comes to fruition," analyst David Thurtell at BNP Paribas said. Copper <MCU3> for three-months delivery on the London Metal Exchange was at $8,090/8,100 by 1126 GMT versus Monday's $8,010. 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. 24 Apr 09:20 Near-term nickel supply unlikely to stem demand The Standard - The price of nickel is expected to rise beyond its current stratospheric level as new supply due later this year will fail to satisfy a growing need for th
