| Nickel rebounded on Tuesday after two days of losses as worries persisted about supply from Russia and Indonesia while stainless steel buyers were also fuelling the rally. Nickel prices have surged 33 per cent this year after Indonesia imposed a ban on unprocessed ore exports and as investors became concerned that the Ukraine crisis could squeeze supply from major producer Russia.
Nickel price gains also are reinforced by the structure of the stainless steel market, which accounts for about two-thirds of global nickel demand, said Nic Brown, head of commodities research at Natixis in London...............................................Full Article: Source
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