Stockpiles of nickel stored in LME approved warehouses fell...

Stockpiles of nickel stored in LME approved warehouses fell below the 100,000 tonne level yesterday, for the first time since March 2009. After a fifth straight day of large withdrawals being recorded, the current level sits just under the 99,200 tonne level.
This is the start of the upward movement of the nickel price.
"Indicator charts show nickel stumbled early, but then went on rally run in the afternoon, to only stop after punching through the $22,000 tonne level."

This is good for nickel stocks like MCR, we should see the shareprice back above $1 shortly.