Re: Commodities

Two good reads on Nickel, esp Philippines' situation/price outlook.

First:

http://www.miningweekly.com/article...r-nickel-bulls-on-crackdown-demand-2016-08-15

UBS forcast.......“the real impact may not be felt until early 2017, when exports fail to ramp up as they normally would,” the analysts said. “Our price forecast is a bullish trajectory and nickel remains one of our most-preferred commodity exposures.”
PRICE OUTLOOK
Rising demand, deficits and a crackdown in the Philippines are combining to make nickel one of its most-preferred commodities, according to UBS Group,
Nickel rose as much as 0.9% to $10 400 a ton on the LondonMetal Exchange and was at $10 310 at 8:23 a.m. in London. UBS sees prices at $11 023 next year, $13 228 in 2018 and $19 621 by 2020 after the market flipped from a surplus last year to what’s expected to be a run of shortages.

Second:



http://www.miningweekly.com/article...-off-workers-put-expansion-on-hold-2016-08-15

The closures and the threat of more mines being suspended in the world's top nickel ore supplier lifted prices of the metal to a one-year high of $11 030/t on Wednesday.

(Of course the companies shut down will doubtless work to fix their problems, but some are open cuts and there have been statements from the Phil.  minister that she will not allow open cuts/pits at all.)

Have a nice day all.