23.12.2009 - Nickel remains a cruel mistress
From Mineweb.com: Nickel, infamous for owning possibly the most volatile pricing history among commodities, has done it again during the latest cycle, enticing four mining majors to splash out nearly US$50bn cash on acquisitions that have unequivocally ended in huge pools of tears. The disaster is consistent with the evolution in nickel prices, which summarily collapsed from close on US$25.00/lb in mid-2007 to around US$5.00/lb, recovering recently to levels around US$8.00/lb........................................Full Article: Source
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