Hi Flippa. If you had a nickel mine in Indonesia, what would you have done with every last ounce of product prior to 31 Dec 2019 and the looming export ban? I know what I would have done, and I think that's exactly why the stock levels have gone through the roof.
But now that all(?) the boats have landed, I think that this graph might reverse. Especially since the Phase 1 of US-China trade deal has been signed. Iron ore prices hit a 6 month high of $97.58 usd last week, so I don't think it will be too long before we see more stainless steel going out the door.
Just glad I'm holding
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