09.02.2016 - Nickel price crushed by weight of ghost stocks
Another day, another landmark low for the nickel price. London Metal Exchange (LME) three-month nickel traded down to $7,900 per ton on Monday morning. Forget the troughs of the Global Financial Crisis in 2008. Nickel is now trading at levels last seen in April 2003. And there may be worse to come. Might the price of nickel fall below that of copper, which is currently trading on the LME around $4,600 per ton? "Not an inconceivable prospect by any means," according to one analyst, Leon Westgate of ICBC Standard Bank...............................................Full Article: Source
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