How to Buy Nickel Stocks
One option for investors seeking to gain exposure to nickel involves buying stocks of companies engaged in the discovery and extraction of the metal. Because the profitability of these companies is tied to the market level of their products (i.e., nickel), these stocks will often move in unison with spot prices.
Many companies engaged in the mining of nickel are often involved in extraction of other precious and industrial metals, thereby diminishing the link between stock price and the value of nickel. Nickel companies include:
- Xstrata Nickel (XTA.L, XTA.S)
- Pure Nickel (TSX:NIC)
- Norilsk Nickel (RTS:GMKN, MICEX:GMKN, OTCBB: NILSY, LSE: MNOD)