Nickel’s extraordinary comeback

Oct. 22, 2010 11:28AM PST

Mineweb.com reports that, from a pricing standpoint, nickel is currently enjoying a comeback.

The story is quoted as saying:

In terms of price volatility, nickel (most of which is used in producing stainless steel) ranks as one of the most dangerous minerals of all. Go back five years, and nickel roared up from around USD 5.00/lb to a peak of nearly USD 25.00/lb in 2007. Then it crashed back to about USD 5.00/lb during the great commodities wipeout of 2008. Today the price is trading around USD 10.65/lb.

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