Creasy knows what he is doing - firstly, he invested in gold (earned millions) and now in nickel through SIR (might bring him another millions)
Nickel Demand to Rise 4% a Year, Beating Other Metals, CPM Says
By Claudia Carpenter
Oct. 12 (Bloomberg) -- Nickel demand will rise 4 percent a year through 2013, fastest among the main industrial metals, according to Jeffrey Christian, managing director of commodities researcher CPM Group.
Zinc and aluminum consumption climbed the most from 2001 to 2009 at about 6 percent annually, Christian said in a presentation for a London Metal Exchange conference in London today. Copper led gains in the 1990s at about 2.5 percent a year, he said. The comparison excludes tin.
Nickel for three-month delivery had climbed 60 percent this year in London as of 5 p.m. on Oct. 9, lagging gains by lead and copper.
To contact the reporter on this story: Claudia Carpenter in London at [email protected]
Last Updated: October 12, 2009 04:00 EDT
http://www.bloomberg.com/apps/news?pid=20601012&sid=aKD3p9c8ScM4
Cheers nj
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