With concerns surrounding the nickel price it doesn't help that companies like MBN who was hit very hard on Friday after lossing their supply agreement due to non profitable business of there nickel buyers business.
Unless the nickel prices rises significantly we may see these nickel companies is some trouble for years to come.
Personally wouldn't touch nickel stocks till the commodity prices lifts significantly. If the share price of WSA can't rise in the current market which has lead the US to all time highs and the XJO to 5 year highs then then it will struggle big time once these market decide to roll over.
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