Nickel trading range for the day is 586.7-634.1. Nickel prices dropped as geopolitical worries from sabre-rattling over North Korea to a snap UK general election hurt investor appetite. The lack of upside momentum in most of the metals since mid-February has increased the chance of stale long liquidation and this remains a risk. According to trade statistics released by US, the export of nickel scrap by the country declined by nearly 7% over the previous month in February this year.

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