I read somewhere (I think it was the AFR article on Ravensthorpe acquisition, but maybe not) that while LME stocks are rising, stocks in private hands have been falling. The private stock falls was about half of the increase in LME inventories.
Went looking for it, but couldn't find the statement.
The article went on to say that Nickel was under priced once this was factored into consideration.
No doubt time will tell, but I compared MCR prices to WSA, and MCR has fallen more.
MCR Price at posting:
$1.74 Sentiment: Hold Disclosure: Held
