IGO 2.93% $5.31 igo limited

Nickel hits US$7/lb

  1. 942 Posts.
    lightbulb Created with Sketch. 20
    http://www.*****metals.com/charts/nickel_historical_large.html

    LME price has this morning gone through US$7/lb.
    This will greatly boost IGO cash flow going forward.
    LME stocks have dropped 90KT in 6 months and at that rate of decline , there are only 18 months of stock remaining globally.
    This market is tightening dramatically.
    We all know about the demand side, but does anyone have information on the supply side?

    Cheers
    FT
 
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