In ten years from 2009 stainless steel production worldwide has doubled. From a peak of nearly 500,000 tonnes in June 2015 LME Nickel warehouse stock level has dropped to 200,000 tonnes by end 18. In 2007 nickel hit over $50,000/t , now it's about $12500/t, but that's a rise of 25% from the January low. Why is OZL in a hurry at WMP? Perhaps they see a better outlook for Ni than the rest of us. Buckle up!
In ten years from 2009 stainless steel production worldwide has...
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