I do wonder how reliable the LME levels are. How much is stored off to the side to play the market.
In 2019 the levels dropped and new supply came in. May be due to mines coming back online etc....
By the looks of it, demand may be well an truly above supply.
Nickel may not be as "fickle" in the medium to longer term as real market pressure takes hold.
If PAN achieves projected output going forward, combined with sustained and less volatile Nickel price................
Should be happy days ahead.....
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I do wonder how reliable the LME levels are. How much is stored...
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