january nickle stock levels on lme for the last 5 years have averaged better than 24,000 tonnes,this january it will be down more than 70% down to around 7,000 tonnes, this is only part of the reason we have seen the price increase from jan 06 us$6.00lb to jan 07 us$15.50lb,with some of the big mines having production problems during the year and reducing their supply,demand ready to outstrip supply in 07,and delays in setting up bhp ravensthorpe/cvrd new caladonia (late2008), mcr should be in for a great 2007.merry xmas to all kanga.dyor
MCR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
