Nickel LME stock levels down 20,000 ton since 1 January 2019 and...

Nickel LME stock levels down 20,000 ton since 1 January 2019 and sitting at 187,116 as of last night. At this rate LME levels will be at around 155,000 ton by 30 June.

Nickel price has increased U$2,000 per ton since 1 January 2019 but over the last month fluctuated between U$12,200 and U$13,660. closed last night at U$13,275.

Won't be long now before the Nickel price goes pop as panic re low LME levels sets in and then people realise that there is bigger problem re Class 1 Nickel (sulphides) as that is where the new growth is.

All coming together for SGQ and looking super sweet.

Cheers SandyC