Short covering boosts nickel prices

- July 10th, 2009

Nickel Investing News reports nickel prices rose on Thursday. Nickel futures rose on Thursday as traders indulged in short covering with the view that demand is about to rise. Nickel futures on the MCX and the LME were tracking positive sentiment, on the indication that the global economy is stabilizing. This was a welcome turn … Continued

Nickel Investing News reports nickel prices rose on Thursday.

Nickel futures rose on Thursday as traders indulged in short covering with the view that demand is about to rise. Nickel futures on the MCX and the LME were tracking positive sentiment, on the indication that the global economy is stabilizing. This was a welcome turn of events: just days earlier fear of declining Chinese demand stalled prices.

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