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    Commodities: Nickel Jumps 8% on Two Day Rally

    Investing News Network
    May. 08, 2012 02:23PM PST
    Base Metals Investing

    Reuters reported on commodities trading on Monday noting nickel has jumped eight percent extending its rally to two days.

    Reuters reported on commodities trading on Monday noting nickel has jumped eight percent extending its rally to two days.

    As quoted in the market news:

    Nickel, a metal used for making stainless steel, was a star for a second running session, rising more than 8 percent to stay atop the CRB’s list of gainers.

    Nickel’s ascent began on Friday, when it rose 2 percent on fear that new taxes and curbs on metals shipments by key miner Indonesia would jack up ore prices.

    Click here to read the full Reuters report.

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