Another good article from Andy HomeSeems a battle royale might...

Another good article from Andy Home

Seems a battle royale might be happening here. There is a distinct realisation that future metal supply is being hampered by low prices. Class one nickel supplies will be in deficit by 2022 but you need the price to rise NOW for capital to flow into deposit development. Wood McKenzie is predicting Class one to be at $28000 USD by this point but we need abv $17-18 k to get the ball rolling. One player has over 60 % of the warrants on the LME...............I wonder?

Quote:
The violence of the price action in London suggests a more brutal reality, a targeted bull assault on those holding short positions with waves of collateral damage and a strong suspicion that blood has been left on the LME floor.

https://uk.reuters.com/article/uk-metals-nickel-ahome/column-indonesian-supply-fears-stoke-brutal-lme-nickel-battle-idUKKCN1UZ1H5