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13,963 Posts.
1047
05/06/08
08:21
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You can build china's cities with iron and cement, don't need nickel.
Need nickel to build much of the industry though.
LT I like nickel, short term don't know, my crystal ball is short sighted.
I've reduced my MCR, not so much with a view that it will fall further, more that we may be in another long sideways spell like 04/early 06.
Quite a bit going for MCR (exploration/resource growth,production growth,improving grades), but it will suffer one of the worst from margin squeeze.
EL
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