After showing some resistance at the 200,000 ton level LME Nickel stocks have continued to fall and have now crashed through that barrier down to 195,000 tons.
Nickel prices have shown a recent upturn, now above US $6.00/ lb.
All is looking good going forward.
Any resolution of the trade war between US and China would be a bonus for Nickel as it has been an impediment to growth.
Ann: Investor Presentation, page-9
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