ni over us$7.00, page-4

China is technically bankrupt, it's all over folks.

The resource market reminds me of Nick Leeson.
http://en.wikipedia.org/wiki/Nick_Leeson

One player trying to control the whole market for the benefit of one.

China has an issue if they try to control the nickel market so pig iron mills stay open they create a over supply of nickel. This results in a serious crash.

Billions will be lost. If they let nickel prices fall hundreds of millions are lost in nickel ore factories.

Either way China lose, low nickel price or high nickel price.

There has to be a breaking point when the market crashes and China can no longer afford to bail steel operation that operate more like a charity.

I am still bullish towards nickel but Nickel ore producers will need to fail before there is any real recovery.