Nickel Update

A total 9,381 lots or 56,286 metric tons of nickel is open on the London Metal Exchange November delivery date and a single customer or a consortium of its customers has 20% to 30% of this open interest, LME data shows. That's around 11,000 to 17,000 tons, or $328 to $508 million at current prices.
LME three-month nickel trades at $29,350/ton, just shy of its Wednesday all-time high of $30,000/ton