Nickel on the fast track

Nickel Investing News reports nickel gained 50% of its value in the New Year.

So why the sudden rebound? The rapid ascent was due to the price index signaling that prices for the base metals and raw materials have bottomed out. At the same time, the Chinese government seized the opportunity and announced their intention to go on a buying spree for raw materials. Also, over in the US analysts believe that the US will have sharp recovery in 2009, initiated by the incoming administration’s economic stimulus plan.

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