| From Bloomberg: Nickel slumped to the lowest in two and a half years on speculation slowing global economies will further cut demand, after the U.S. House of Representatives rejected a $700 billion plan to rescue the financial system.
Stockpiles of the metal monitored by the London Metal Exchange jumped to 55,596 metric tons yesterday, the highest since June 1999. Demand from the stainless steel industry, which accounts for two-thirds of total nickel use, continues to be weak, according to Deutsche Bank AG. Nickel for delivery in three months on the London Metal Exchange fell as much as 5 percent to $15,588 a ton, extending yesterday's 3.5 percent slide. This is the lowest intra-day price since April 3, 2006. .... Full Article: Source
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