News & Features, Nickel, Resource News
Where next for the nickel yo-yo
By The Australian · December 7, 2011 · 10:23 am · Leave a Comment
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By Robin Bromby
IT’S hard to know where you stand when it comes to nickel. The price of the metal fell as low as $US16,550 a tonne last week but this week has touched $US18,400/tonne.
Moreover, its trading has been well out of line with other base metals: last Thursday it fell by 4.3 per cent, then on Friday it rose by 5.9 per cent when all the other metals had a flat day.
