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METALS-Shanghai nickel hits near 3-yr high as base metal prices rise

(Adds Shanghai closing prices, updates London prices) BEIJING, May 25 (Reuters) - Base metals rose on Friday, led by nickel in Shanghai as investors bet that demand for the metal would increase in line with China's electric vehicle (EV) boom. The most traded July nickel contract on the Shanghai Futures Exchange rose as much as 3.4 percent to 111,660 yuan ($17,479.38) a tonne, its highest since June 2015, before closing up 1.8 percent at 109,880 yuan a tonne. Nickel on the Londo [Source]

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Origin: reuters.com

Category: companyNews

Topics: Shanghai, nickel, percent, tonne, prices, BEIJING, metals, led by, (Reuters), prices), updates, London, metal, (Adds, closing, investors, demand, METALS-Shanghai, highest, yuan ($17, since, before closing, Londo, Nickel, Futures Exchange, contract, increase, metal would, China's, electric, traded, vehicle

Source: http://feeds.reuters.com/~r/reuters/companyNews/~3/M9MhgFCpgB0/metals-shanghai-nickel-hits-near-3-yr-high-as-base-metal-prices-rise-idUSL3N1SW1YR

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