Nickel Price to Benefit from Vale Strike

Nickel Investing News reports nickel prices increased 6% higher from Vale’s Strike.

Vale workers at the Sudbury nickel operations in Canada are on strike as they are hard- balling management for a change in benefits structure. Vale is already struggling to cope with nickel’s ubiquitous price drop, and CEO Roger Agnelli told media on July 7^th that Sudbury was “not sustainable” and Vale won’t yield to union demands.

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