Nickel hits 2-year low and may dive further but zinc seen as oversold | IBT Commodities & Futures

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Nickel hits 2-year low and may dive further but zinc seen as oversold

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24 July 2008 @ 04:09 am EST

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Nickel slipped below $20,000 a tonne for the first time in just over two years on Thursday, with room to fall even further, but Shanghai zinc futures perked up on the perception that prices had tumbled about as low as they could go.

Nickel at $19,500 a tonne, is now 14 percent cheaper than tin after it...

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