25.12.2008, 10:51 2425

World market of nickel in uncertain situation

The world market of nickel is in an uncertain and rather inconsistent situation with alternate price fluctuations.

Almaty. December 25. Kazakhstan Today - The world market of nickel is in an uncertain and rather inconsistent situation with alternate price fluctuations.

The forecasts for the next months for nickel are optimistical. The Australian manufacturer of nickel Western Areas expects restoration of the prices for nickel next year.

Three main factors can render support to the prices for nickel in the immediate prospects. First, the price for nickel has already decreased up to the level of the cost price of its manufacture. Secondly, everyone who could, have already reduced or have absolutely refused nickel deliveries. And, thirdly, the global reasons for decrease of a dollar exchange rate will lead to the inevitable growth of quotations of nickel at stock exchanges.

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