Nickel hits 10-week high.

Nickel touched a 10-week high on Wednesday as falling stockpiles and a sharp tightening of time spreads suggested an undersupplied market. Benchmark nickel on the London Metal Exchange (LME) did not trade in official rings but was bid down 0.4 percent at $11,625 a tonne after reaching $11,770, its highest level since Nov. 8. The stainless steel ingredient is up around 10 percent from a 15-month low on Jan. 2. It has been caught up in a broader slide in industrial metals because of fears that China's economic growth is slowing.

...