All Topics / General Property / Nickel Price

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  • Profile photo of Mikey PMikey P
    Participant
    @mikey-p
    Join Date: 2006
    Post Count: 86
    August 21, 2006 - 4:59 am

    Hi
    I know this is a property forum and commodities should be discussed else where but most who use this forum seem to know what they are talking about. Would anyone know the reason why the price of Nickel has more than doubled during the last few months?? I have looked but have not been able to find a good answer.
    Cheers
    Mikey

    Profile photo of bob the workerbob the worker
    Participant
    @bob-the-worker
    Join Date: 2005
    Post Count: 22
    August 21, 2006 - 1:05 pm

    Same reason oil, coal, uranium, copper, zinc and other commodities are going up. Lack of exploration 4 or 5 years ago when this stuff was almost worthless, and now demand from China means supply can’t keep up.

    A chart of prices. Much more than doubled over 5 years.

    http://www.kitcometals.com/charts/nickel_historical_large.html#5years

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