"BHP Billiton Ltd., the world's third-largest producer of the metal, said it will shut down an Australian smelter and refinery that produces about 2 percent of world supply"
BHP's reduction in supply will reduce stock piles and therefore increase price on LME as supply is reduced.
NO??????????
Am I missing something? If BHP's ability to supply the market is reduced, surely that must mean that other producers take up the slack. ?????????????? . If MRE being the second Australian largest supplier of nickel and the gas issue is overcome in a month or 2 (and in the meantime, they have sourced other gas supplies) ...surely that must mean a positive for MRE ......... If not ..... Please explain why it wouldn't be.
MRE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
