02.01.2013 - Nickel: Will it be a rags-to-riches story in 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 Nickelís 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
Print