Global

Details

  • Industry: Energy & Natural Resources
  • Type: Business and industry issue
  • Date: 5/13/2012

Nickel Q1 2012 – May 2012 

During the first quarter of 2012, refined nickel prices averaged US$9.06/lb on the London Metal Exchange, down by 26 percent from US$12.19/lb in the first quarter of 2011. However, this was greater than the lows of US$8.30/lb, witnessed in last quarter of 2011. This decline in the prices can be attributed primarily to an increase in mine production and a slowdown in the growth of global steel consumption thereby causing a surplus in the nickel market.

Nickel Q1 2012 – May 2012
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