worth a read, page-3

you may be right Ktrianta .......

what we do know is:

supply is being reduced....

http://www.reuters.com/article/2015/08/02/fst-quantum-min-zambia-redundancies-idUSL5N10D0II20150802

PAN announc. today

Avebury Nickel Mines (no buyer found)

Ravensthorp (lower output)

http://www.republicofmining.com/201...an-pablo-spinettobloomberg-news-july-23-2015/

MBN - see todays announc..

POS - care and maint.

http://minetravel.co.bw/general-news/2015/06/27/bcl-smelter-undergoes-historic-shutdown/

http://www.timminstimes.com/2009/06...definite-shutdown-of-montcalm-mine-in-timmins


http://www.northernlife.ca/news/localNews/2015/06/08-first-nickel-lockerby-mine-sudbury.aspx


total is around 50K T ......

but - I agree with your thoughts - MCR likely to drift UNTIL market can see stockpiles drawdowns ........

I guess it will be rather difficult for any new project to secure finance in the cureent environment ......

rgds
V_H