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Nickel poised for historic price run – Selby

March 28, 2014 - 13:18 GMT Location: London

KEYWORDS: nickel rally , stainless steel recovery

Nickel will soon experience one of the most significant commodity price runs in the past 25 years, Royal Nickel Corp’s Mark Selby has predicted.

Indonesia’s ore export ban and better stainless steel melt rates are tightening nickel availability, leading to higher premiums. Consumers are building buffer stocks to guard against further tightening and hedge funds are building long positions again as forecasts for nickel over the next two years hit $35,000 per tonne. "The next 18...

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