Nickel Boner Update, page-5643

NP UP AGAIN
now closed at 7.50 uslb

up 5% in 4 days, straight up every day from 7.16 triple bottom monthly lows
NICKEL Price

16,531.50
+174.00
+1.06%
02:28:19 PM EDT 1/26/2024
MI Indication

Sellers got Punk'd by BIG SHOT yet again, stuffed into his price fixing operation with the chinese owned LME.
Lower London Courts protecting CCPs BIG SHOT & LME chinese owners price fixing is a total joke.
Appeals will be interesting.

The NP should recover back to the 9-11 range again where he will commence shorting operations again no doubt. Now he thinks he has destroyed western Ni production & controlled Indo lawmakers and police despite numerous deaths and slavery operations there he will arrogantly continue his price fixing & western price gouging at $100 uslb for his manufactured ni stock & hsi own financial benefit and Tsingshan.

But expect a serious backlash sooner or later as westerners start realising theyve been had & launch counter measures as Australia has just done.

Meanwhile in Oz, PAN MCR WSA/IGO (Cosmos & FFox) Ravensthorpe (FQM/POSCO), POS (BS & LJ) & BHPs Kambalda mills all shuttered and production slashed in conjunction with New Caledonian production halted. Canadas production of Ni also slashed.

Meanwhile at POS, AISC for restart are still at $4.90 uslb way above $7.50 spot price.

The NP cannot stay low sub-10 forever in these high demand slashed supply conditions bar BIG SHOTs price fixing operations.
Expect a retrace of NP in a sharp V WHIPSAW move imho.