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Nickel futures rise on spot demand

Nickel prices rose 1.72 per cent to Rs 865.40 per kg in futures market Tuesday as speculators raised bets driven by pickup in demand from consuming industries in the spot market. 

On the Multi Commodity Exchange, nickel for delivery in June contracts rose by Rs 14.60, or 1.72 per cent, to Rs 865.40 per kg in a business turnover of 8,353 lots. 

In September 2017, Anglo Pacific Group PL (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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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.