Category — metals
Nickel Up On Chinese Consumption and Strike Rumors
Nickel had another record breaking day today reaching $41,200 ton – an all time high.
Chinese metal consumption continues to rise but the main reason for nickel movement is the threat of a strike. With stockpiles low:
Nickel prices are very sensitive to the threat of a potential strike at the Xstrata-owned Sudbury mine in Canada where unions and management are in talks to avert a strike. The mine accounts for 4 per cent of global nickel output.
January 25, 2007 No Comments
Make your Money Go Further
Our monthly reports tell you what countries and currencies offer the best deals. Travel and buy smart!