Nickel prices on Wednesday edged up 20 paise to Rs 1,018.50 per kg in futures trade as speculators built positions owing to rising demand from alloy-makers in domestic market.
On the Multi Commodity Exchange, nickel contracts for January delivery gained 20 paise, or 0.02 per cent, to Rs 1,018.50 per kg in a business turnover of 4,362 lots.
The metal for delivery in February gained 30 paise, or 0.03 per cent, to Rs 1,010.80 per kg in a business turnover of 88 lots.
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.