Nickel has been the strongest performer among the base metals traded on the London Metal Exchange (LME) this year.
Trading currently at $12,450 per tonne, LME three-month nickel is up by more than 14% since the start of January. Zinc, which has put in the next best year-to-date performance, is up by only 5%.
Nickel is defying both the general macroeconomic concerns weighing on other industrial metals and signs its own internal dynamics are weakening.
n September 2017, Anglo Pacific Group PLC (LON:APF) entered into a royalty agreement with Brazilian Nickel Ltd to acquire an initial 1% gross revenue royalty over the Piauí nickel-cobalt project.