Does Nickel’s fate depend on China?
Ibtimes reported if Nickel’s fate depends on China:
Nickel prices largely depend on global steel demand, which is low in the west and up in China and India now. So, the fall in demand from auto makers in the west and a huge rise in China have complicated the nickel prices. Some 65% of nickel goes into making stainless steel.
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Fri, Feb 26, 2010
Post by Mike Rodger, Nickel Reporter