Norilsk says speculation driving nickel: report

SPECULATION rather than a big fundamental gap in supply and demand could lie at the heart of the soaring nickel price, according to the world’s biggest producer of the metal, Russia’s Norilsk Nickel.

Norilsk says speculation driving nickel: report Norilsk says speculation driving nickel: report Norilsk says speculation driving nickel: report Norilsk says speculation driving nickel: report Norilsk says speculation driving nickel: report

Deputy chief executive Maxim Finsky told Reuters in an interview that Norilsk was forecasting a further 10% increase in the price of the metal by mid-2004, and for palladium prices to remain stable

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