Nickel Investing News » Nickle price may fall another 25 percent by the end of this year

Nickel price may fall another 25 percent by the end of this year

September 1, 2008 @ 9:58 am In Nickel Market News

Reuters reported that, Nickel prices may fall another 25 percent by the end of this year, unless orders from stainless steel producers in Europe increase in the next two to three weeks.

Wright was quoted as saying:

If demand from the stainless steel mills does not pick up in the fourth quarter, we could see prices fall to $15,000.

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