MBN 0.00% 8.3¢ mirabela nickel limited

class action should be taken against a.s.x., page-4

  1. 5,583 Posts.
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    "With the Nickel price so low many miners were losing money."

    Such a blinkered view of the Nickel market... (Also noticed it in the WSA quarterly report when they state that many Nickel mines in Oz are being shut)

    BIG PICTURE:

    Chinese nickel production YTD yoy% = + 42%

    Chinese imports of refined nickel YTD yoy% = + 19%
    But from Australia = - 32%
    From Russia = + 42%
    From Norway = + 15%
    From Africa = + 14%

    Chinese imports of nickel ores YTD yoy% = + 17%
    But from Australia = - 17%
    From Phillipines = + 8%
    From Indonesia = + 25%

    Construction is already afoot to build Nickel smelters in Indonesia.

    All I can see is a booming nickel market, with lazy and badly managed companies (also read as Nickel miners in Oz and MBN) being squeezed out of the system...
 
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