Base Metals: Nickel Free Fall Affecting Producers

Reuters reported base metals are falling quickly and will have an impact on large producers profits soon.

As quoted in the market news:

Nickel, another metal in surplus, has better near-term prospects of cutbacks in China, where low-grade nickel pig iron (NPI) producers are struggling at current prices.

The cash LME nickel price has tumbled 24 percent to $16,687 per tonne since early February, below the marginal cost of about $17,000.

Click here to read the full Reuters report.