Recent weeks have seen nickel make a clear break from the range that has dominated trading since last year's big sell-off. That range was still intact at the end of April, when cash LME was around 29,000 dollars/t, and even in mid-May when it was 26,500 dollars/t. But by the last week of the month prices were heading swiftly downward and June 2 saw a new low at 21,605 dollars/t. There the slide halted, and dramatic news of fresh supply disruptions have prompted a lively rebound this week.
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