Nickel prices have dropped 23% over the course of the last 12 months to a low of $15,800 a tonne in February. Since then, supply issues and sanctions have pushed them up above $21,000/t only for prices to drop back to $17,800/t this week. Nickel prices are volatile at the best of times and that is even more the case when supplies start to go awry as they did in the second quarter of this year. There are a lot of negative comments being bandied around the metals trading market about where nickel prices are expected to end this year but we believe that some market watchers have underestimated the long term impact of a ... (full story)