By Leia Michele Toovey- Exclusive to Nickel Investing News On Tuesday, there was a rapid sell-off in all of the industrial metals as worries about the health of the global economy prompted investors to dump commodities. The drop in the price of nickel was short-lived, though. On Wednesday, nickel jumped to $19,175 compared to $18,100 as [...]
India’s largest stainless steel producer, Jindal Stainless, commented that nickel prices can fall further due to decline in purchases made by steekmakers. Arvind Parakh, a director at the New Delhi-based company, said: Nickel will average between $20,000 and $25,000 a metric ton this year compared with an average $37,089 a ton last year. For full story, click [...]
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