Nickel prices hovered near record highs in early trade in London on Monday, supported by the threat of strike action at major producer Xstrata and by a further fall in stocks.
At $37,800/38,000 per tonne at 1100 GMT, London Metal Exchange nickel for delivery in three months was 13percent higher than at the start of the year.
On Friday it hit a fresh high of $38,950 before closing at$38,100.
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