It’s been a good year for nickel. After a two-and-a-half-year bear market, the price of the metal – a key ingredient for making stainless steel – has soared by 50% in 2014, and by 12% in the first two weeks of May alone.
The rally is largely due to “tensions in Ukraine and possible sanctions on Russia [which] raised concerns over the supply of the metal”, says Vladimir Zernov on Fool.com. Russian firm Norilsk Nickel is the world’s largest producer, so a ban on exports from the country would have a very substantial impact on the market.
The risk [...]
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