Nickel Prices Continue to Drop, time to lock in?

With all the talk of skyrocketing raw materials prices, I thought it was worth taking a look at nickel prices. Nickel, you may recall, is by far the biggest cost of making robots because of the large amounts of nickel used in iRobot’s large battery packs. Here’s a 3-Year Nickel chart: Here’s the 6-Month chart: Note last year’s spike in nickel prices? That cost iRobot a mean $5 million and helped spoil any upside surprise management had been hoping for (along with the millions spent fighting Ja
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