curlews, Wow! those guys at Citigroup were so far off before that I am surprised that they are still metal analysts there much less that investors are paying heed to them today. I'll bet they didn't do much better in predicting prices of other metals either. Didn't I see somewhere recently that China, the biggest user of nickel, expects its consumption of nickel to grow by 40% over the next 3 years?
OT- Anyone shopping for a new barbecue? I bought a stainless steel barbecue 2 years ago. I read somewhere that one should take a magnet with them to the store when shopping for one as a magnet will not stick to the better quality of stainless steel. The cheaper grade that the magnet sticks to will rust over time. I discovered that the magnet did indeed stick to some barbecues but not to others. I bought a barbecue that the magnet did not stick to and the stainless steel still looks like new today despite being outdoors year round.
I stopped by the barbecue dept at the local Lowes just last week just to see how much prices have gone up due to cost increases of stainless steel. I was surprised to see that SS barbecue prices have apparently not increased at all in the last two years. There also seems to be even more stainless steel in the average barbeque than there was 2 years ago. So much for high prices choking off demand, at least for barbecues. Also the vast majority of mid to high level kitchen appliances are made with stainless steel. Again, demand in that area has only increased despite higher prices.
AI
