China's Jinchuan Group Raises Nickel Price as Global Rates Gain

By Li Xiaowei

July 10 (Bloomberg) -- Jinchuan Group Co., Asia's biggest nickel producer, raised the price of the refined metal to reflect the increase in global rates.

The price was by lifted by 4,000 yuan, or 2 percent, to 175,000 yuan ($25,537) a metric ton effective today, according to a statement on the Web site of the company, which is based in the western province of Gansu.

To contact the reporter on this story: Li Xiaowei in Shanghai at Xli12@bloomberg.net;