nickel breaks us $12.50 per lb, page-5

I'm keeping an eye on Aus listed nickel miners/processors ATM, but not WSA in particular.

I've been trying to find the article again - but apparently there is a frenzy of Stainless Steel production ATM, as there is a belief that there will be a shortage soon due to a lack of Coking Coal supply. So orders are flooding in to get in the queue, and inventory is being sourced to meet the orders. (Also worries about the Suez as well).

The inputs are being bid up - but there appears to be a temporary price surge occuring, as if there is soon less coking and PCI coal available, then less Steel will be produced, and less Nickel used, and inventories will increase until the coal flows again.

With the worries about Yabulu being swamped - could be a good day to short MCR, or MBN.