COMMENT: Anybody could win or lose on the nickel gamble

Among the nickel producers that are yet to announce large supply cuts, there's a hint of the old story of Everybody, Somebody, Anybody and Nobody.

There was an important job to be done and Everybody was sure Somebody would do it. Anybody could have done it, but in the end Nobody did it.
Most market sources expect higher prices as the year progresses, so Everybody wants to be the last one standing. (Hopefully with enough of their competitors out of the way).

So producers who might in theory benefit from shutting capacity to cut losses feel they...


Janie Davies

May 22, 2016

15:00 GMT