Nickel Will Stay In Surplus Through 2015

Bloomberg reported nickel is staying in surplus through at least 2015 and traders may be tempted to use the metal in financial transactions boosting prices.

As quoted in the market news:

Nickel demand may lag behind supply by 35,000 metric tons next year after a surplus of 48,000 tons this year, Leon Westgate, an analyst at the bank, said in a report today. Aluminum and zinc have both been supported by financial transactions that have kept metal from consumers.

Click here to read the full Bloomberg report.