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DRYBLOWER
Dryblower on the perfect storm blowing nickel to a record US$50,000/t
THE price of nickel has doubled over the past 12 months, reaching US$24,076 a tonne on Friday (up 20% since Christmas), but <i>Dryblower</i> reckons that it could double again, possibly touching the all-time high of $50,000/t reached in 2007.
Demand provided the first leg of the drive from $12,000 to $24,000/t. The next move up to $50,000/t, which appears to have started last week, will be about supply with more than 20% of the global nickel...
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