06.07.2016 - Nickel price swings wildly as it records a nine-month peak
Fears of lower output from the Philippines has given prices a further boost. The price of nickel swung wildly on Tuesday, rising to its highest level in nine months on worries about possible mines closures in the Philippines before it was hit by flurry of profit-taking and fell by more than 3 per cent. The metal, which is used to make stainless steel, has been one of the worst-hit commodities during the recent price rout. Weakening demand in China and excess supply saw the price tumble 40 per cent last year and left most of the industry struggling to turn a profit...............................................Full Article: Source
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