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Reuters reported on base metals trading on Thursday as nickel prices dipped on news showing a five month oversupply of the metal.
Reuters reported on base metals trading on Thursday as nickel prices dipped on news showing a five month oversupply of the metal.
As quoted in the market news:
…nickel dipped 0.31 percent to close at $16,050 a tonne.
Analyst Andrew Keen at HSBC in London cut his 2012 forecast for nickel by 10 percent to $18,030 a tonne, but said the market may temporarily tighten later in the year.