I concur. Although we could see Ni walked down a little further. I think this could be a case of Indo Ni miners selling what they can at whatever they can before the ban. that’s what my wife thinks. She’s usually right about everything.
Once the ban is in place hopefully No prices can rebound and that should help confidence in Aus Ni sector. MCR such a good story it’s only the Ni price that’s in the way at the moment.
MCR Price at posting:
60.0¢ Sentiment: Hold Disclosure: Held