Nickel hits new record before dropping $150 per tonne

In the metals markets on Thursday, nickel hit a new record of $36,000 per tonne on the London Metal Exchange but dropped back later in the day for a decline of $150 on the session to $35,350 per tonne. There was a report that a ship carrying up to 1,000 tonnes of nickel had been damaged and was adrift in the English channel. Meanwhile, three-month aluminium added $11 on the session to trade at $2,689 per tonne, while the cash price was at $2,804 per tonne.