Friday, April 27, 2007

Nickel May Surpass This Year's Record on China Demand, Standard Bank Says

(Bloomberg) -- Nickel prices may surpass this year's record as supplies of the metal used to make steel resistant to corrosion lags behind demand, Standard Bank said.

Nickel may rise above $55,000 a metric ton, exceeding the April 24 peak of $50,200 a ton, Michael Skinner, an analyst at Standard Bank in London, said in an interview yesterday.


Read more at Bloomberg Commodities News

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