| Even within the bombed-out landscape that is the industrial metals sector right now nickel is something of a stand-out. On the London Metal Exchange (LME) the price for three-month delivery is trading around $9,000 per tonne, a level last seen during the depths of the Global Financial Crisis (GFC) in 2008.
Last month it fell further than even that historical yardstick, hitting $8,145, the lowest price since 2003. London nickel is now down by 40 percent since the start of the year. The next worst performer, zinc, is down by "only" 30 percent. "Nickel prices have already seriously deviated from the market fundamentals and the whole industrial chain has fallen into a vicious circle."..............................................Full Article: Source
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