Nickel price now up to US$4.12 / pound and LME Nickel warehouse levels down to 424,000 tons. I am convinced with supply falling from producers cutting back or going out of business that we are now through the worst of it and we can expect a gradual rise in the price of Nickel over the next 12 months even though world growth is still slow.
Expecting that Mincor will progressively show good gains from here.
mcr, page-3
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