Email of the day on nickel
Comment of the Day

November 01 2016

Commentary by Eoin Treacy

Email of the day on nickel

I am looking for a way of investing in Nickel. David Suggested in 2014 he sold ETF Nickel but I can't find it anywhere - LSE, FT, your library. If it has gone out of business do you have any other suggestions? The good old Canadian company Inco was bought out by Vale, of which it represents on a small part. Wonderful service. Harry Schultz told me it was. He was right. Tony Kenyon

Eoin Treacy's view

Thank you for your kind words and we are both delighted you are enjoyed the service courtesy of a recommendation by the inimitable Harry Schultz. In fact since we do not engage in advertising most of our new business comes from word of mouth so please feel free to proselytise. 

The ETFS Nickel fund is listed in the UK, denominated in Dollars, and has $98.5 million under management. The ticker is NICK. It has a reasonable record of tracking the nickel price.

Norilsk Nickel is now about the closest to a pureplay on nickel following Vale’s acquisition of Inco. Nickel, (38%), Copper (24%) and Palladium (23%) are its largest revenue generators. The US listed ADR has held a progression of higher reaction lows since January and bounced this week from the region of the trend mean. 

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