Nickel Enters Bull Market as Supply Concerns Mount After Crimea - Bloomberg
Nickel entered a bull market on
speculation Russian supplies will be disrupted at a time when
some shipments are already banned in Indonesia.
Last year’s worst performer among industrial metals trading
on the London Metal Exchange is this year’s best, gaining 16
percent and on track for the first annual gain since 2010.
Prices fell 24 percent in 2011 after touching $29,425 a metric
ton in February that year, the highest since April 2008.
Indonesia, the biggest producer of mined nickel, banned ore
exports in January.
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