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Finance Deals Make Increasing Supply of Nickel Out of Reach
Feb. 21, 2013 06:48PM PST
Base Metals Investing Reuters reported that in spite the growing mountain of nickel, big financial firms have other plans for the metal making it less and less available.
Reuters reported that in spite the growing mountain of nickel, big financial firms have other plans for the metal, making it less and less available.
As quoted in the market news:
Most of these mountains of metal are increasingly being tied up in financing deals or locked away by companies such as bank Goldman Sachs and trader Glencore. The bigger metals inventories grow, the less is available to make things.
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