* London Metal Exchange nickel and tin at record highs on
Wednesday, with lead just short of all-time peak hit the
* Nickel MNI3=LX trades at $40,000 a tonne at 0425 GMT in
electronic dealing, versus $39,900 at Tuesday's close.
* "Nickel is a very simple story -- all the disruptions to new
projects have delayed a fresh wave of production," Gerard Burg,
minerals and energy economist at National Australia Bank said.
* "Demand for stainless steel remains strong and if stock
levels continue to fall, there is potential for even higher
prices. We are forecasting $35,000 a tonne for the year and
there is every possibility that we are being pessimistic."
* Tin MSN3=LX at a fresh record high of $13,550 in
electronic trading, up $150. Supported as LME stocks fall below
10,000 tonnes for the first time since November 2005.
* Lead MPB3 loses $5 at $1,820/1,850, after touching record
high of $1,840 on Tuesday. Supported by continuing force
majeure at Xstrata's XTA.L Mt. Isa lead mine in Australia.
* Copper MCU3 $15 lower at $5,715/5,735.
* Many investors remain sidelined due to week-long closure of
the Shanghai Futures Exchange for Lunar New Year.
* Zinc MZN3 down $20 at $3,305/3,325.
* Aluminium MAL3 down $5 at $2,740/2,750.