Nickel surged by 3% overnight and the USD strengthened against the AUD. A nice 4% kick to the nickel price and probably close to 8% in nickel margins.
Should see a strong rebound on Monday. At $2.40 WSA is a steal.
Shorters will soon be burned into submission. The Philippines mine closures leveled out the easing of exports at Indonesia.
WSA continues with exploration success and has favourable nickel prices locked in.
I am confident that the bottom is very near if not already hit.
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