frugi wrote:TXSTARFIRE wrote:Nickel now $12.87. Melt value 7 cents.
Not anymore.
Down 33%
The story of my life.
It was a bad tick/glitch. Price is now back to $12.80
frugi wrote:TXSTARFIRE wrote:Nickel now $12.87. Melt value 7 cents.
Not anymore.
Down 33%
The story of my life.
Cu Penny Hoarder wrote:frugi wrote:TXSTARFIRE wrote:Nickel now $12.87. Melt value 7 cents.
Not anymore.
Down 33%
The story of my life.
It was a bad tick/glitch. Price is now back to $12.80
Silver4face wrote:Here we are 3 and a half months later (I consider this a SEMI reopening of the thread) and nickel is down to $8.06 per pound. I think it was actually $8.03 at one point. This has to be the lowest we have seen in at least two years, maybe longer? I sold over 100 pounds when it was $15 a pound which was great, but I want it to go up again because I am gradually stacking more of it. I also want it to go up for the other members who have serious quantities of it. I'm also wondering what effect (if any) the next election will have on the prices of nickel (and other metals)
Silver4face wrote:I am reopening this thread for two reasons. First, nickel is DOWN 3 and a half dollars per pound since the last post (January). That's a rather big drop in a rather short period of time. I do suspect that Steve's opinion that nickel prices are being artificially suppressed is correct. Perhaps a similar concept to pm smashdowns?
I am also reopening this thread because nickel is only $1.37 higher than when this thread was created. Hasn't inflation destroyed the benefit of this $1.37 increase?
Cu Penny Hoarder wrote:Silver4face wrote:Here we are 3 and a half months later (I consider this a SEMI reopening of the thread) and nickel is down to $8.06 per pound. I think it was actually $8.03 at one point. This has to be the lowest we have seen in at least two years, maybe longer? I sold over 100 pounds when it was $15 a pound which was great, but I want it to go up again because I am gradually stacking more of it. I also want it to go up for the other members who have serious quantities of it. I'm also wondering what effect (if any) the next election will have on the prices of nickel (and other metals)
What type of nickel did you sell and who did you sell it to?... a smelter?
Cu Penny Hoarder wrote:Silver4face wrote:I am reopening this thread for two reasons. First, nickel is DOWN 3 and a half dollars per pound since the last post (January). That's a rather big drop in a rather short period of time. I do suspect that Steve's opinion that nickel prices are being artificially suppressed is correct. Perhaps a similar concept to pm smashdowns?
I am also reopening this thread because nickel is only $1.37 higher than when this thread was created. Hasn't inflation destroyed the benefit of this $1.37 increase?
NOTHING makes sense these days. These new electric vehicle batteries contain a lot of nickel, so the price should be rising, not falling.
IMO... ALL PM and industrial metal prices are artificially suppressed.
Silver4face wrote:
I agree with you on this, but one thing: aren't sales of electric vehicles low? If so, wouldn't that reduce the amount of nickel needed?
Silver4face wrote:Recyclersteve wrote:Don’t know what (specifically) is meant by low EV sales, but I see LOTS of Teslas and a few Rivians.[/quote
Sales may vary from region to region, but I don't think people have really warmed up to them for a variety of reasons. I see a few, but only a few. Perhaps we can start an EV thread, Meanwhile, wouldn't a low sales volume/forecast result in decreased demand for nickel?
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