30.09.2014 - Nickel Prices Enter Bear Market Amid Record Inventories
Nickel entered a bear market as stockpiles reached a record, signaling ample global supplies even as Indonesia bans its exports of the mined metal. The shipment restrictions in Indonesia, the world’s largest producer of the unrefined ore, drove prices as much as 56 percent higher in 2014 to a two-year high in May. The metal has since fallen more than 20 percent as banks including Credit Suisse Group AG said supplies weren’t as tight as expected...............................................Full Article: Source
Print