October 12, 2015

Nickel Stocks Bullish

Mining Excavator
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.

1 comment:

  1. Nickel price has reach the bottom line and now swinging up and down in a positive trend


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