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Shiny future: nickel and stainless steel defy gravity as they climb to record price levels, driven by supply shortages and increased interest by investment funds.
Recycling Today
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November 1, 2006|
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Volatile markets for many nonferrous metals may be causing some concern, but dealers of nickel and stainless express strong bullish sentiments for the year to come.
Copper may have captured most of the headlines during the past year, but the climb in nickel prices has far surpassed gains made by many other metals throughout the past several quarters. And while many dealers of other metal commodities say they see possible retrenchment in the short term, most marker observers see nothing but continued strength for nickel and stainless steel.
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