Nickel rises for fifth day to 14-month high on supply concer

Bloomberg - Nickel climbed for a fifth day to a 14-month high on concern that global supplies will be disrupted as tensions mount in Ukraine and Indonesia’s ore export ban remains in place.

The contract for delivery in three months on the London Metal Exchange added as much as 1.1 percent to $18,590 a metric ton, the highest level since February 2013, and traded at $18,561 by 11:18 a.m. in Tokyo. The metal has risen 34 percent this year, the most among the six main metals traded on the LME.

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