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08/05/15
15:03
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Originally posted by user23
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I though the nickel price was rallying because China was running out of their nickel supply they hoard before the Indo ban last year (the analyst was out a month as most predicted April 2015)????? That why there was a huge nickel price spike these few weeks?
BTW, if USD increases, usually foreign currency decreases and the REAL will be hit the hardest as it facing a recession in end 2015 or early 2016 as most predict and will be longer then anticipated.
But I agree, we need the nickel price at 7.5US/lb, then to 8-9.5US/lb for them to start making huge net profit.
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User23 I can think ofa few commodities that 'should' of rallied previously on supply constraints;
Platinum & Palladium - South africa strikes and Russian production
Rare earths - China in WTA over not supplying the market
Just to name a few.
I do think the Ni price will rally in the medium/long term though. Just trying to show a balance in discussion