While nickel production could generate a surplus between 2009 and 2012, average nickel prices trade in the range of $10-$15/lb. All this time Citigroup is lowering its 2009 nickel price estimates. Its a very perplexed web of circumstances quite possibly bordering manipulation if not outright conspiracy theory.
In all likelihood the world economy's, in an effort to get things going again will have to put significant funds into infrastrucutre; structures which require nickel, copper and other base metals.
Things will turn around....the base metals are essential to the world economy and the stimulus should have more a concorted effort into boosting metals and infrastructure than on ways on filling the bad banks black wholes!
