Clean Energy Transition, or transition.inc, is focused on opportunities to generate positive cash flow, across the energy transition

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whaler

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TGIF?? Nickel cracks 5 bucks

posted on Oct 10, 2008 07:33AM

Oh man, apparently we have to see "capitulation" in the markets to be able to put all this behind us.

domest...

Nickel falls 10 pct, metals rout gathers pace

Fri Oct 10, 2008 9:38am IST

SINGAPORE, Oct 10 (Reuters) - London Metal Exchange nickel futures tumbled 10 percent on Friday to their lowest in just under three years as worries about a global economic meltdown sent investors running from industrial raw materials.

By 0358 GMT, London Metal exchange nickel <MNI3=LX> fell $1,250 to $12,150 a tonne, after dipping as low at $12,050, its weakest since November 2005.

LME copper <MCU3=LX> dropped 9 percent and Shanghai metals slumped by their downside limits after plunging equity markets fanned fears the world is heading for a deep and lasting economic downturn. (Reporting by Nick Trevethan; Editing by Kim Coghill)

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