nickel price going up 2.5% to $7.78/lb after AIM closed....

nickel price going up 2.5% to $7.78/lb after AIM closed.

http://www.kitcometals.com/

Meanwhile, Chinese Largest Nickel producer Jinchuan increased its Electrolytic nickel price by US$330/ton to USD $19555/t on 11 June 2012.

http://www.smm.cn/newsinfo/2012-06-11/3199991.html

Chinese mining media also predicts Nickel price will recover significantly from Nov, 2012.

"US steel makers cut the current 33% of fuel surcharge for stainless steel plate. Sluggish stainless steel markets in the US have weighed down LME nickel prices, and the lower fuel surcharge is expected to boost US stainless steel markets."

Plese DYOR, thank you!