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Nickel's Chinese surprise

Nickel fell sharply last week thanks to a Chinese technical breakthrough in the production of high-grade metal for use in batteries, but the more important lesson for investors is that what happened to nickel could just as easily happen to other metals, and has in the past.

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Aluminium, for example, was once more expensive than gold simply because it was a difficult metal to produce until the invention of the Hall-Heroult process which knocked the price down from US$14,000

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