Cutbacks make way for nickel boom

Nickel Investing News reports two factors to improve nickel prices despite last year’s biggest plunge in its price.

For the nickel market to improve in 2009, two key events need to transpire. First off, demand from steelmakers needs to improve, and secondly, China’s economy needs to grow.  Currently, steelmakers are running at about 50 per cent capacity, and China recently reported its economy grew 6.8 per cent in the fourth quarter, the slowest pace in seven years.

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