good point Brucey however - what the article misses is: 1. the...

good point Brucey

however - what the article misses is:

1. the lateritic ore stockpiles are a red herring !
2. why - china has invested $$$$$ into indo (to essentially move processing to another country, and get rid of "some of the pollution" from their country to indo .....
3. some evidence of china actually buying refined metal (see latest WSA preso) and some evidence of "tightening" of phy supply (anecdotal from several stainless suppliers here in Oz)
4. the production data from Indo Fe_ni projects has been "very" slow ramp up ........(like 1/3 to 1/2 of what was expected - some data in Antam preso's)
5. approx. 90-100k T has been "removed" from supply .....incld mcr ..


at 25c ......one is paying 15m for 120kT of resouyrce (that is (imho) going to get larger with Cass))..

I rekon we will see the stockpiles eaten-up over 6 months or so ......and prices will rally strongly .......

I have been wrong before (lol)..

rgds
V_H