Nickel at 50000$/t, page-21

The worry I believe is that Xiang Guangda has gotten a bit carried away with his shorting in LME, will get margin called and subsequently this will have some fallout on Tsingshan which has been a vital partner for NIC. As for whether this is warranted or not time will tell. Some people tend to not like the extra risk going forward and given the good run up have decided to go elsewhere. I understand this sentiment as I did a similar thing in my uranium holdings when news reports came out that Russia was attaching the nuclear plant. Sometimes if a large new risk that you haven't had the chance to price in properly emerges, its better to just sell while you are up and work out your new price targets once more information comes out. I personally don't think its the case with NIC but would understand why others do.