The nickel worm finally turns up

A rise in the nickel price could signal a recovery in other base metals.

PORTFOLIO POINT: Rising nickel prices could be an early warning of recovery in the wider base metal complex.

First in, first out. That has always been the way nickel behaves in a conventional metal-price cycle and it seems to be doing it again, though it would be a brave man to shout “nickel boom!”

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