Nickel prices were trading higher on Tuesday, as nickel market participants await the completion of the Philippine government's examination of its nickel mines. A declining US dollar added further support to nickel, although the rest of the base metals had a muted response to the pullback in the US dollar. Nickel prices were hovering around a two-week high during the session. Prices hit a one-year high last month.
Read more: Nickel Price Hovers Around Two-Week High With Results of Philippine Mining Crackdown Pending