According to the U.S. Geological Survey,
In 2002, the average price of nickel was 2.70 per pound, or $5,400 per ton. Earlier this month (May 4), nickel traded at a record $51,625 per ton, and in recent days has traded around $49,000.
That’s a five-year price increase of more than 800 percent.
With prices in this range and with
What does this mean?
First, much is made of
Second, it puts
Third, it puts the Administration’s “transition” policy into perspective. The tightening of
The idea that
Embargo proponents are naturally irritated at those who oppose a policy they view as set in stone. I sometimes wonder why they don’t focus their irritation at the Bush Administration for insulting their intelligence, especially in presidential election years.