Feature article
LME nickel prices are up 32% since the start of this year and are up 12%
since our 9 April piece: Nickel prices up 25% in 2014 – you ain’t seen nothing
yet. Our Senior Commodities Consultant, Jim Lennon, took part in a Reuters
forum Q&A on Wednesday, providing an update on all the key talking points in
the nickel market. We reproduce this in today’s note.
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Nickel was the outperformer among the base metals last week, gaining 3%
WoW, while copper gained 1.8% on the week. Tin also rose, up 1.2% WoW,
and more than half of all LME tin stocks are now cancelled, for the first time
since October 2012.