I believe we are now close to having reached the bottoming out of Ni prices and that production of Ni is now fairly balanced with demand.
More and more mines are now closing or are being in the process of doing so with some big producers following the trend.
The price of stainless steel seem to have bottomed out and there is now talk of a slow increase in price.
Imho Ni prices will follow slowly or at least stay where they are. Now we have to wait for the LME Ni stocks to go down, but it could be wise to get set and top us on our favourite Ni miner before this happens.
As with the copperminers, once the trend of higher prices and lower LME stocks has started, prices of stocks go up fast.
We all know that WSA is in an excellent postion to make some real good money and will be re-rated very fast when this happens.
Following are some links which make me think that a slow turn around could be close.
