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26 Apr
12:11

Copper, nickel prices rise on Russian metal sanctions: BMI

Base metals such as copper and nickel have made large gains so far in April due to sanctions on Russian metals and a better global economic outlook, Kallanish learns. The prices of base metals have “sustained year-to-date gains in April, buoyed by sanctions on Russian metals, tighter individual market fundamentals and an overall improvement in the health of the global economy,” BMI analysts wrote in a note. Earlier this month, the UK and US treasury d…
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