Global Nickel Price in 2009 may dip by 47% YOY

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Tue, Jul 21, 2009

Nickel Market News
Post by Melissa Pistilli, Nickel Senior Reporter

Mr Adrian Gardner associate consultant for the Brook Hunt unit of Wood Mackenzie forecasts that with stainless steel output crashing worldwide this year, demand for key alloy nickel is sliding and its world price will average USD 5.10 per pound, a 47% drop from USD 9.57 in 2008.

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