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Mick51

515 Posts.

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27/05/15

17:08

Post #: 15362305
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Originally posted by JustSayin ↑

Nickel is at the bottom of a cycle when looking at a 26 year period - the only way is up IMO. Indonesia still has an export embargo, China is looking for the stuff.

Following is an excerpt from some broker research today, may be of interest;
"The last time the LME had a nickel deficit was back in 2006.
That deficit was 51,000 tonnes.
And it sent the nickel price above US$35,000 per tonne that year...triggering some pure play nickel stocks up over 3,000%.
Keep in mind, the current nickel price is around US$12,500 per tonne.
It is possible that nickel prices shoot beyond US$20,000 by the end of the year...and surpass US$30,000 in 2016.
This should see quality ‘pure play’ Aussie nickel stocks do extremely well."

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LME nickel stocks are the highest in over 8 years, nickel prices the lowest since 09.

I read an article recently that stated China stocks were low hence a price jump and depleted stocks from July. Can't see how this will happen with currently increasing stock levels and the Phillipines dumping it's low quality product on world markets.
Hope I am very wrong.

SIR Price at posting: $3.78 Sentiment: Hold Disclosure: Held
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