Nickel: glut or shortage? *LINK*

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In intraday on Friday, nickel prices hit a seven-month low of $14,980 a tonne. Stocks in LME warehouses hit another all-time high of 378,132 tonnes. Nickel at one stage was looking like being the star of 2014 in base metals, but its big rises have been eroded and it is now just 9 per cent ahead for the year.

Nickel prices have sunk to their lowest level since March, as slowing economies in Europe and China rattle investors, while a financing scandal in China has prompted companies to dump tons of nickel and other metals on the market.

Nickel: glut or shortage?

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