17.05.2012 - Nickel prices move to the lowest level of 2012 on oversupply

Nickel prices have suffered from the same downward drift that afflicted the majority of the complex over the past month. At near $17,000/t, nickel is now at its lowest level this year. While trading well into the cost curve (close to the 80th percentile), from a fundamental perspective this is justified by the current state of oversupply. The INSG reported a 30Kt surplus in Jan-Feb alone...............................................Full Article: Source

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