Nickel Likely to go Downhill

Reuters reported nickel’s month-long rally is losing steam on slowing demand from China.

As quoted in the market news:

Benchmark nickel on the London Metal Exchange (LME) have risen more than 17 percent since the beginning of the year, partly due to strong buying from China at the end of 2011 and short covering by funds.

Click here to read the full Reuters report.