the drop is due to the nickel being halted on the LME. NIC also got affected due to association with tshingshan got involved in the shorting- both are laterite operations i suspect, could be the association of it. the sulphide ones arent going down as much. its temporary though, once nickel price resumes its (slower?) rise it'll rise again- next week is the reopening of nickel contracts.
NC1 Megathread, page-31
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