ZOID RESEARCH 13- MAY-2014 : NICKEL

No new story, it’s the poor fundamental that is pushing the price higher especially ever since the Indonesian ore export ban took place and the Russian tensions still mounting in the market. Meanwhile, Nickel climbed for a sixth day to trade near a 27-month high as Vale SA said operations remain halted at a plant in New Caledonia, further crimping supply that’s been hit by Indonesia’s ban on ore exports. Overall, we expect the commodity to remain positive in the near term

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