Nickel trading range for the day is 641-687. Nickel dropped as LME nickel ended 2.3% lower amid expectations of higher supplies and rising stocks in LME approved warehouses. Global nickel market ended in deficit of 84,600 tonnes in January-November 2016 with apparent demand exceeding production. Mine production in the Philippines was steady at 24,700 tonnes, the same as in October after nearly halving from 47,300 tonnes in September.
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