Analysts surprised by vicious nickel sell-off

THE unexpected collapse in the nickel price has led Macquarie to lower its price forecasts and downgrade Australian producers.

Analysts surprised by vicious nickel sell-off Analysts surprised by vicious nickel sell-off Analysts surprised by vicious nickel sell-off Analysts surprised by vicious nickel sell-off Analysts surprised by vicious nickel sell-off

Nickel last week hit a six-year low of $US12,339/t ($5.59 per pound) and was sitting at $12,483/t overnight.

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