TFE Forget LME inventory it is an illusion, read the root...

TFE
Forget LME inventory it is an illusion, read the root article again and do the maths. I am not down ramping as I am a Nickel Bull and have been for a long time. Current world consumption 2,400kt/year with a 2018 deficit of 127kt. Projected deficit of 60kt for 2019.
Example: BHP produces 90-100kt/year but just a year ago they were going to dump their nickel assets. Vale recently suspended 100kt/year of production waiting for higher prices. POS has processing capacity of 100kt/year and is waiting for higher prices. Tsignshan is proposing to build multiple 50kt/t processors in Indonesia and is expecting higher prices.
There are many snakes and ladders games happening on the all nickel stocks including WSA. Shorters are playing the game just like you and me, but like to sell first and buy back later.
For me I like to stay on talking term with the POPE, but long term you must conclude the direction is up. DYOR and all the stuff.
RED