BASE METALS

Price up, but doubts linger about how long for fickle nickel

Nickel has been the base-metal star of the past five weeks rising by a remarkable 18% and as welcome as that might be there is not a simple explanation for what’s happening, or whether the rush to Monday’s 11-month high of US$6.28 a pound will last long.

Tim Treadgold
Price up, but doubts linger about how long for fickle nickel

Theories range from a shortfall in Indonesian exports, to the proposed re-introduction of a ban on unprocessed ore by the Indonesian Government, to short-covering by Chinese speculators, to rising demand...

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