Where Will Nickel Go Next?

Kitco.com reported on Where Will Nickel Go Next?

Looking at nickel since the beginning of the year, we can see LME stockpiles rising, and prices, for the most part falling — at least until the beginning of February. Then the story becomes a little curious: As LME stockpiles leveled out a bit, nickel’s price skyrocketed. By the time LME stockpiles had begun to fall, nickel prices were already in such a huge climb that many industry followers were left scratching their heads, even as they bought nickel as fast as they could.

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