ni price forecasts and price changes, page-6

Obviously the change in LME rules on dominant positions has caused the cascade, but you can only tamper with the mkt for so long. Watch for a return of natural forces over the next few months and hopefully PON will stabilise around us$18/lb+ which will make MCR,JBM,IGO and others very wealthy. Though Ni inventories have gained hugely this month, look at the position over the 5yr trend.We are still only on par with this time last year and it was when the mkt started to go pear shaped. The Nickel pig has taken some of the edge off the demand, but its not satisfying the ss growth curve because of consumer end consumption. Then you hear things like growing social middle class in Korea, Brasil, China, India and this demand will be around for some time. Not sure where it will finish, but as some Ni producers ramp up prodn and increase resource base they are becoming even more profitable and investable because it is more than counteracting the fall in PON!
Fat lady hasnt sung just yet.