NP UP 10.60 now rebounding after easter break. a V WHIPSAW yet...

NP UP
10.60 now
rebounding after easter break.

a V WHIPSAW yet again on euro open and asian close. Same old pattern

The LME stocks keep dropping, now around 42kt and live warrants still around 2 days of global supply.
Annual global sales of NI has rocketed from 2.0MTpa to 2.8MTpa
and the chinese controlled Indo supply the world is relying on for more supply is cornered by china yet civil strife breaks out constantly over mine deaths and poor wages and conditions in Indo that the chinese are paying.

Indo supply is the weakest link and its a fantasy, not able to be supplied to the west at all.

You need Ni metal for military production & submarines, tanks guns & bullets, sorry not available from china or russia at all. You can buy the complete product from south korea israel poland serbia but at triple the price.

When you delegate your manufacturing base to the east this is the problem, when you need more of the product you must pay the piper or else.

NI BOOM will continue and NP to 11-12 soonish then target 15-25 imho.