EPIC RESEARCH MCX NICKEL UPDATE OF 25 APRIL 2018

Nickel trading range for the day is 912.8-967.8. Nickel dropped after the U.S. Treasury softened its stance regarding sanctions against United Co. Rusal. Indonesia's nickel ore exports are likely to increase from 5 million mt in 2017 to 10 million mt in 2018 as miners are keen to raise production. The Philippines is planning to limit the amount of land that miners can develop at any one time to boost environmental rehabilitation.

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