Nickel Prices To Firm Up

If new projects struggle to find their way onto the market, nickel prices could once again surge to US$ 50,000/t. Where does the answer lie?

LME prices peaked at just over US$ 52,000/t in May 2007, on the back of strong demand and low stocks, but fell by over 80 per cent by the end of 2008, as demand collapsed.

By the fourth quarter of 2009, however, prices had recovered to US$ 18,500/t. And the road ahead, appears paved with gold.

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