"With the Nickel price so low many miners were losing...

"With the Nickel price so low many miners were losing money."

Such a blinkered view of the Nickel market... (Also noticed it in the WSA quarterly report when they state that many Nickel mines in Oz are being shut)

BIG PICTURE:

Chinese nickel production YTD yoy% = + 42%

Chinese imports of refined nickel YTD yoy% = + 19%
But from Australia = - 32%
From Russia = + 42%
From Norway = + 15%
From Africa = + 14%

Chinese imports of nickel ores YTD yoy% = + 17%
But from Australia = - 17%
From Phillipines = + 8%
From Indonesia = + 25%

Construction is already afoot to build Nickel smelters in Indonesia.

All I can see is a booming nickel market, with lazy and badly managed companies (also read as Nickel miners in Oz and MBN) being squeezed out of the system...