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| Photo by Memty (My own work.) [Public domain], via Wikimedia Commons |
Despite negative sentiment about nickel in the past weeks which led to its price lows, nickel stocks are regaining momentum. The confidence begun when nickel contract price post a positive trend and analyst projected that Q4 2015 will see a price growth for nickel due to cutting of supply from Indonesia. After October 6, 2015, nickel price climb to 10,215 USD/Ton (Cash Buyer); price further increased in October 9 at 10,705 USD/Ton (data source: London Metal Exchange). Analysts believe that nickel price will breach 11,000 USD/Ton before year ends.
FNI and NIKL closed up by 39.78% and 4.95% respectively, today, October 12, 2015.
4 Comments
Nickel price has reach the bottom line and now swinging up and down in a positive trend
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