few interesting nickel points to consider

Nickel looks oversold on these facts listed below. The Philippines wont be sorted out any time soon and the Indo ban lift equates to SFA in the big picture. dyor.

From preso

Pre Indonesian Ore Ban Relaxation

2017 heading for a deficit of between 70-75k nickel tonnes

Recent 300 series stainless steel growth in China has been around 13%
Indonesia relaxes the laterite ore export ban implemented in 2014

This is not a reversal of the ban and exports allowed under certain circumstances

The volume of ore that can be exported is being finalised
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Exporter must show plans and demonstrate progress to constructing in-country processing facilities
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Only impacts ore <1.7% nickel
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Exporters must prove 30% of low grade is processed in-country
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Rules on majority ownership transfer over 10 years
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Only around 3.7Mt of <1.7% nickel laterite to be exported pa announced–immaterial!