Three Brothers And A Silver PlanNickel briquettes at the BHP Group Ltd. Kwinana Nickel Refinery in Western Australia, Australia, on ... [+] Friday, Aug. 2, 2019. But since October 14, when the nickel price hit a five year high of $8.14 a pound, it has fallen by 8% to $7.48/lb. Until recently, Chinese nickel consumers paid a premium of around $250 a ton for prompt delivery of metal. Bags filled with nickel briquette and nickel powder sit in a warehouse at the BHP Group Ltd. Kwinana ... [+] Nickel Refinery in Kwinana, Western Australia, Australia, on Friday, Aug. 2, 2019. And when a market is not matched by fundamentals it’s worth wondering what is happening and asking whether nickel is following silver and copper?

Source: Forbes October 21, 2019 02:48 UTC