Globe and Mail reported Desjardins Securities Inc. says nickel is the buying opportunity now for commodities investors.
As quoted in the market news:
Since peaking at $9.90 (U.S.) a pound on Feb. 9, the nickel price has declined 24 per cent to $8, which is just below where it started the year. It’s a pretty shabby performance considering the London Metal Exchange Index, made up of six industrial metals including copper and aluminum, is up about 7 per cent year-to-date. Nickel, in fact, is the only major metal that is trading below exit levels for 2011.
Click here to read the full Globe and Mail report.