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Commodities Briefing - Categorized | Market Moves, Metals and Minerals more

Nickel’s extraordinary comeback

Posted on 22 October 2010

From Mineweb.co.za: Investors once again flock to the prince of base metals: are they like rabbits in the headlights? In terms of price volatility, nickel (most of which is used in producing stainless steel) ranks as one of the most dangerous minerals of all. Go back five years, and nickel roared up from around USD 5.00/lb to a peak of nearly USD 25.00/lb in 2007.
Then it crashed back to about USD 5.00/lb during the great commodities wipeout of 2008. Today the price is trading around USD 10.65/lb……………………………………….Full Article: Source


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This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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