Before the spike, Nickel had risen by 10% over the last week, more than most of the other metals (av. 3~5%).
It was at just above $9,000/t, last price I have is $9,330 (but that is not a live update), the $4.62/lb puts it at $10,348.80/t.
That is one huge spike. London Metal exchange only gives yesterday's price, but you can call up charts for a look at the history which is quite handy:
http://www.lme.co.uk/nickel.asp
Could the Nickel mine closures have gone too far? Low demand does not mean no demand!!
Robert
nickel price spiking, page-4
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