Nickel price set to go still higher

Reports published in the last few days suggest that nickel prices will be going still higher. According to Reuters the LME benchmark nickel price, which soared to over $50,000 last week, is set to rise because increases in supply during late 2007 and 2008 are unlikely to satisfy the strength of demand.

For original Reuters report see http://www.reuters.com/article/hotStocksNews/idUSN2122017020070422.

LME nickel prices are now shown - together with the latest nickel industry news - on http://www.steelonthenet.com/feeds/nickel.php.

blogger@steelonthenet.com