Nickel improving in price against the other metals. On the LME last night. LME markets saw a repeat of yesterday as all metals slid except for nickel, which closed at $9.60/lb.
* United Steelworkers Union very vocal in its support of a Inco-Falconbridge union and its condemnation of those trying to interfere with the prospect. They told Reuters on the 10th that negotiations at Sudbury were down to non-monetary issues. Is the potential for a strike a real stretch? And is an agreement being stalled to keep prices inflated?
* Iron ore - 10% price increase in 2003, 18.6% increase in 2004, 71.5% increase in 2005, and seeing new contracts being signed at a 19% increase in 2006
* LME nickel inventory - minus 546 tons = 22,062 tons.
brookvill
Nickel improving in price against the other metals. On the LME...
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