Pound for pound, the most wanted metal in the U.S. today is nickel. Last week it commanded the highest premium paid for any metal on the grey market$3 a lb., five times the going rate. With Government stockpiles and defense users gobbling up 40% of the free world's total output (v. only 10% for copper), automakers alone had to pay out more than $21 million last year in grey market premiums for the precious hardener for bumpers, crankshafts and a dozen other parts. The shortage is so critical that the Administration, while...
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