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Nickel rises in London on speculation surplus is being curbed

Posted on 05 February 2009

From Bloomberg: Nickel rose for a third day in London on speculation production cuts are starting to curb a surplus of the metal used mostly in stainless steel. Aluminum climbed to the highest in two weeks.

Supplies of nickel in warehouses monitored by the London Metal Exchange fell 114 metric tons to 83,964 tons, narrowing this year’s climb to 7.1 percent. Stockpiles are up 47 percent for copper and 22 percent for aluminum over the same period. …. Full Article: Source


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