Three Reasons the Nickel ETF Is Soaring

Seekingalpha.com reported on Three Reasons the Nickel ETF Is Soaring :

Last year demand for stainless steel, which accounts for about two-thirds of nickel demand, fell by nearly 5% as a result of the economic downturn as manufacturers looking to reduce swollen inventories. The result was a nickel surplus of 45,000 tons.

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