Nickel pressure building, Lookout 2020., page-6

5 Year LME Nickel stocks about to fall below the Sept 2013 levels and will continue to drop at 10,000 tonnes per month based on the demand.

It will be interesting top see the effect on price of Nickel.

Will there be an elastic or inelastic change in price of Nickel when EV demand kicks in over the next 2 to 5 years.

History shows that the price will respond to supply/demand imbalances.

5 year Low circa $US 3.50 per lb. at LME stock level 450,000 tonnes.

5 year high circa $US 9.50 per lb. at LME stock level 280,000 tonnes.

Current price $ US 5.64 per lb. LME stock level 232,068 and falling.

Interesting ..

Gltah.