You Have come A Long Way Baby!

Feb. 22, 2010 07:44AM PST

Though inventories of nickel stored at the LME warehouses have slipped for a sixth consecutive time, with the Chinese traders coming back to the market, demand for nickel is bound to perk up. Dow Jones reported that 3-month nickel ended the day at $9.40/lb, a new high for 2010 and a gain of 12 …

Though inventories of nickel stored at the LME warehouses have slipped for a sixth consecutive time, with the Chinese traders coming back to the market, demand for nickel is bound to perk up.

Dow Jones reported that 3-month nickel ended the day at $9.40/lb, a new high for 2010 and a gain of 12 per cent for the week.
Just to go back a bit, from a high of $10.64/lb of the average annual price of 2006, and the $16.83/lb the following year, nickel dropped to the average annual price of $9.57/lb in 2008.