Tuesday, May 13, 2014
Nickel Prices Begining to Soar
Now the actual quantity of the metal per device will be infinitesimal, in the order of grams per device, the public perception of it as a source of key raw material for these fantastic devices will be enormous.
Usually, the best way to capitalize on any investment is to buy low an sell high, regardless of it's actual tangible use or its scarcity.
Nickel is believed to be the second most abundant element in the Earth's core right after iron and it is estimated that there is about 140 million tons of nickel available in identified deposits. It's also plentiful in sea water with an availability of 5.6 x 10-4 mg per liter.
Around 87,000 tons of nickel is recovered annually by recycling stainless steel and other nickel-iron alloys. This represents about 39% of the nickel used each year.
So, as you can see, there's really no scarcity of the metal.
But something is happening with the price of the metal.
Could it be only for an expected surge in it's use for stainless steel, or is it for some other reason?
Look at the recent chart movements for the metal to get an idea of what's occuring - http://www.infomine.com/investment/metal-prices/nickel/
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