Ni, Co, Cu, PGM, Au Properties in Ontario Canada
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Message: Ni down
Thursday, September 25, 2008
Most base metals prices were up Thursday, but nickel saw declines on more gains in inventories. Nickel prices were down by $50 to $17,150 per tonne in London Thursday as inventories were up to 53,796 tonnes, the most in over nine years. The metal also declined on a prediction from Norilsk Nickel (RTS: GMKN; MICEX: GMCK), the world’s largest nickel producer, that production will top demand for nickel through 2012.Nickel prices drop on higher inventories
Story link: Nickel prices drop on higher inventories
by Elaine Frei
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