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Nickel rebounds amid broader gains in base metals

London nickel prices rebounded on Tuesday after two sessions of declines, hovering around a one-year peak, while the base metals complex was broadly higher.

Three-month nickel on the London Metal Exchange (LME) was up 0.3% at $14,345 a tonne, as of 0724 GMT. However, Shanghai nickel dropped 2% to 112,990 yuan ($16,415.81) a tonne, tracking previous session’s declines in London.

In September 2017, Anglo Pacific Group PLC (LON:APF) entered into a royalty agreement with Brazilian Nickel Ltd (Brazilian Nickel) to acquire an initial 1% gross revenue royalty over the Piauí nickel-cobalt project.

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