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Nickel: Will it be a rags-to-riches story in 2013?

Posted on 02 January 2013

Nickel has been the worst performing metal in base metal complex in the past one year on MCX and LME. And nickel is the only metal in base metal complex that has given negative return in 2012.
Nickel futures have given almost 4% negative return on the MCX while on LME it has given negative 7% return. Nickel future seems ready for a change in fortune in 2013 as Nickel’s 20% fall in 2012 has made it cheaper than pig iron, a substitute made from low grade ore from Indonesia and the Philippines………………………………………..Full Article: Source


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VRS - who has written 34696 posts on Opalesque Commodities Briefing.


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