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Nickel on the move

Nickel, one of last year’s big losers, could be one of this year’s big winners if the recent price trend and optimistic analysis is a guide.

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Nickel's fortunes could be turning

Down 33% from a peak of US$7.20 a pound last year to a closing price in December of $4.82/lb nickel since the start of January has risen by 45c/lb (9.3%) to be trading at a two-month high of $5.27/lb.