Nickel $5.50lb - $6.70lb rise in two weeks., page-43

Ni future has been influenced by the cheapest ore exporters in Phillipine and Indonesia so if there's any good news out of these motor mouths then the ni price will have its running course.

There's a structural shift within the industry in Indonesia producers to target new market outside China and to cope with high demand for better grade nickel concentrate and sulphate.

. To restrict laterite ores export
. To ban laterite ores export in 2022
. To invest in HPAL heap leaching plants, Smelters and sulphide refineries.

The ni price should off course run its course to adjust the structural shift in the industry.

If the Indonesia producers start to invest all at once. It doesn't mean they could pump lots and lots of ni concentrate to meet demands according to prevail market condition.

They must have strong BIDDING offtake contracts to invest in those refining methods due to higher costs of productions and their ambition should take at least 2-5 years to establish new plants.

In the mean time the ni price should enjoy its flying course so the share price action today is just to scare off frustrating investors and the shorters won't be able to take any advantage of me.