Nickel

Seeking Alpha reports nickel is the year-to-date worst performer on the London metals market suggesting it may be a sign of what’s to come for other base metals.

Seeking Alpha reports nickel is the year-to-date worst performer on the London metals market suggesting it may be a sign of what’s to come for other base metals.

The market news is quoted as saying,

Like a true Russian hero, nickel has become a victim of its own success. In dollar terms, the nickel market’s overall value is closer to silver’s than gold’s, but it’s a hard metal to substitute. Nickel demand is primarily driven by stainless steel manufacturers, as it’s a key ingredient in producing this corrosion-resistant alloy. More than 60 percent of all nickel mined annually goes straight to the production of stainless steel, used in everything from cars to kitchen appliances to skyscrapers.

For the complete market news, click here.

Featured

MARKETS

Markets
TSX20286.20+88.59
TSXV700.66-1.43
DOW31928.62+48.38
S&P 5003941.48-32.27
NASD11264.45-270.83
ASX7128.80-20.10

COMMODITIES

Commodities
Gold1856.60-10.70
Silver21.88-0.25
Copper4.25-0.05
Palladium2005.00+8.00
Platinum946.50-9.50
Oil111.13+1.36
Heating Oil3.71+0.06
Natural Gas8.87+0.07

DOWNLOAD FREE REPORTS

×