Nickel plunges $2.90

[soundman]

http://www.kitcometals.com/charts/Nickel.html

Nickel went from about $8.50 per pound to $5.43 per pound overnight? Is Kitco's site messed up or is this for real? I know there is a big metals sell off today but 35% drop in nickel seems crazy.

[NHsorter]

The same thing happened a few days ago and then it went right back up over $8.00

I am hoping it is an error. Does anyone on here know what is up with this?

[cupronickel]

It's just a kitco mistake.
I hope they fix it soon.
Check the JJN price to see what the change for today is.

[ZenOps]

http://www.metalprices.com/FreeSite/met ... lalloy.asp

London Metal Exchange is an alternate if Kitco goes screwy. But like different types of oil and physical location, prices may fluctuate wildly.

Neodymium quadrupled in price to $450 per kilogram in the US and Japan, but more or less stayed the same in China (at least for industrial consumption). Many saw this as a move to force anyone who needs Neodymium to stay in business to either relocate their production to China - or do without.

Truth be known, if the US had to melt down its entire 8% to 25% nickel coinage made in the last century (nickels, dimes, quarter and half dollars) the US would really only have about 100,000 tonnes of nickel. The great silver melt of 1980 basically took the majority of circulating silver out in less than a year.

The LME currently has about 100,000 tonnes in industrial nickel in pure form ready for use. London > US.

[slickeast]

It is fixed. Everything is back to normal.