LME data week from September 23 to September 27
Live Warrants started the week at 83.112 and ended at 56.070, Cancelled Warrants started the week at 71.454 and ended at 102.042 .
Opening Stocks are now at 158.112 +3.546
That’s a bit of a daft article. There’s about 400,000 tonnes of class 1 nickel currently used to make satainless steel that could easily be substituted for NPI. The process of converting class 1 to nickel sulphate is relatively simple and inexpensive.
The article suggess that most nickel sulphide is found in hostile or politically challenging locations, ie. northern Canada and Russia yet these two locations have been producing the majority of the world’s nickel sulphide for decades without any trouble.
Badly written, poorly researched and rather pointless articles IMO.
Fastmarkets’ analysts forecast an average London Metal Exchange nickel cash price of $16,375 per tonne in 2020,
A very significant weekly drop
LME data week from September 30 to October 4
Live Warrants started the week at 56…070 and ended at 57.828, Cancelled Warrants started the week at 102.042 and ended at 75.300 .
Opening Stocks are now at 133.128 -24.994
This is worth a read.
I can see Ramu going off line again.