NICKEL is flying on Indo ban!! We know what has happened when Indo banned nickel export last time.....
POS closed it's gap 4.2c from yesterday!!!
$60 mil cash
No debt
Mines with infrastructures!!METALS-Nickel hits three-month peak on Indonesia concerns
By Eric Onstad
LONDON, July 12 (Reuters) - Nickel prices touched their highest in three months on Friday on worries that major producer Indonesia will resume an export ban on ore in 2022.
Indonesia relaxed the ban on nickel ore in 2017, but said at the time that it would last only five years and that exports would be restricted again in 2022. Analyst Colin Hamilton at BMO Capital Markets in London said many people had been sceptical that the full ban would be reimposed, and a media report about sticking to the ban in 2022 created jitters in the market.
"Of course that wouldn't affect today's availability, but we've always been heavily dependent on Indonesia in this nickel market," Hamilton said.
Afternoon trading July 18, page-71
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