Nickel futures fell 3 percent in early business at the London Metal Exchange on Thursday after a deal to stop a potential strike at the Sudbury, Ontario operations of miner Xstrata
The Anglo-Swiss mining firm and the union representing around 1,000 workers reached tentative agreement on a new contract late on Wednesday, narrowly avoiding a strike which would have further tightened supply of the metal.
Three-months futures traded as low as $35,900 per tonne, down $1,200 from its previous closing price, before rebounding to $36,525/36,675 by 1130 GMT.
Read more at Reuters South Africa
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