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LME nickel bounces more than 5 pct to $12,600/T

Wed, Oct 29 2008, 10:34 GMT
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LONDON, Oct 29 (Reuters) - Nickel prices bounced as much as 5.3 percent on Wednesday to track other industrial metals higher as global equity markets jumped and provided positive sentiment.

Nickel for three-month delivery on the London Metal Exchange was trading at a high of $12,600 a tonne before slipping back to $12,500 at 1013 GMT, compared with $11,970 at the close on Tuesday.

(Reporting by Michael Taylor; editing by Peter Blackburn)

tf.TFN-Europe_newsdesk@thomson.com

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