Nickel
Nickel Meaning:
In commodity market terminology, Nickel refers to a silvery lustrous metal that is corrosion resistant and used in alloys, in the manufacture of coins, magnets and other products. The U.S. five cent Nickel coin is made of 75% copper and 25% Nickel.
In commodity market terminology, Nickel refers to a silvery lustrous metal that is corrosion resistant and used in alloys, in the manufacture of coins, magnets and other products. The U.S. five cent Nickel coin is made of 75% copper and 25% Nickel.
Nickel futures contracts trade on the London Metals Exchange LME and are for Nickel of 99.8% purity. The contract size for a Nickel contract is six tons with a tolerance of +/- 2%. Nickel contracts are quoted in U.S. Dollars and the minimum fluctuation is $5.00 per contract.