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London nickel leaps 11 pct, Shanghai copper limit up

Posted on 10 November 2008

From Ninemsn.com.au: London nickel leapt 11 percent on Monday and Shanghai copper hit its upside limit as industrial metals surged in the wake of China’s plans to inject $600 billion to shore up the world’s fourth-largest economy.

London Metal Exchange nickel rose $1,225 to $12,200 at 0230 GMT on Monday, up 11.2 percent from Friday. Shanghai copper rose 1,190 yuan to its upside threshold at 31,100 yuan ($4,557), chasing an 8 percent surge in LME copper and steep gains in other metals….. Full Article: Source


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