| For nickel at least, the old adage that the best cure for a low price is a low price does not seem to apply. The reasoning behind this so-called market wisdom, whether it applies to oil and any other commodity, is that market realities force reduction in supply (as, in this case, mines begin to make losses and are mothballed) and then, eventually, demand becomes greater than supply, and consequently prices rise again.
Nickel dropped $US155 a tonne on Friday to end the week at $US9925/tonne; this was after a $US350 drop on Thursday trading at the London Metal Exchange (although at the beginning of the session it had raced to a six-week high before crumbling)...............................................Full Article: Source
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