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01/03/17
10:36
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Originally posted by equityma
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while waiting for an upshoot in ni price. I beg you, wsa to get out and spend, spend and spend.
It's all because Australian nickel explorers facing technical difficulties to prove up their ni resources, for example bhp and Igo.
Vale in Indonesia struggled to earn profits but Glencore did earn good money on nickel. This proved China will source anything around the globe, not exclusively in Phillipines and indonesia.
Reuters analysts also said refined nickel in London's LME storages are still sufficient but exploration ores are hard to get more production outputs due to Phillipines' mines shut down.
So why wsa doesn't take this opportunity to prove to the world that wsa has the best nickel assets?
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I just bought some more. If explorations don't lure buyers I think they don't know anything about this stock.
Ni future traders adjust price depending on China pig iron nickel producers. Ni price has been trading flat because some factors in China.
.wet, freezing and fogging weather in early months of 2017 and now they're back in the action in which ni price will be supported.
http://www.platts.com/latest-news/m...inless-steel-output-regains-momentum-27778535