LME nickel stockpiles rise to highest levels since 1999

- October 23rd, 2008

Nickel Investing News reports nickel metal prices have been falling causing nickel companies to struggle. Nickel prices sunk as low as $10,000 per tonne by mid day after closing Tuesday at $10,700 per tonne on the LME. With average production costs of nickel estimated at $10,500- $11,000 per tonne. At this price many nickel companies … Continued

Nickel Investing News reports nickel metal prices have been falling causing nickel companies to struggle.

Nickel prices sunk as low as $10,000 per tonne by mid day after closing Tuesday at $10,700 per tonne on the LME. With average production costs of nickel estimated at $10,500- $11,000 per tonne. At this price many nickel companies are losing money.

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