| From Indiatimes.com: Metals have kicked off 2009 on a fairly upbeat note despite fundamentals being weak. Nickel has led the way, rallying almost 40% over the turn of the year. The rallies were mainly driven by short covering and some speculative anticipation due to buying activity after the re-weighting of some commodity indices in the first few weeks of January, said analysts.
But, in the short-term, most analysts aver that the gains may be given up just as quickly as they were accrued. In the long-term, however, there is some cautious optimism. Demand is not expected to ‘get any worse’ and a recovery is expected by the next year..... Full Article: Source
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