Yeah, Gazza, I've been watching the 5 year inventory gradually roll over, the drop down through 400K was/is a new low, and is aligned with - but does not quite correspond to the price breakthrough, and hold, of 10K (which was last week, on the LME spot market - it closed at 10355).
Mind you - if you trade the inventory you are going to get mauled, IMO.
Ni up another 2.66% to 10555 this morning (midpoint - Kitco as the source - so that's NY, not LME); see if that puts some bounce into MCR - and probably WSA as well.
Go well all
Nickel price, page-16
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