nickel price going up

So a serious question to the punters.. Unless you really have your eyes shut tight you would be fully aware the one and only reason Nickel is climbing at the moment is because of the Indonesian raw export ban.

I am a bit baffled how people are clinging to this like its going to save POS and wondering is it because people do not understand whats happening?

Indonesia has introduced a "raw ore" export ban, this means they CAN export nickel, they just cant dig up rocks and ship it out the country. This has been done because Indonesia government wants the country to make more money with exports and this is achieved by processing the products first.

Things going against this shortage lasting a long time.

* Indonesia is now in a $500mil per month trade deficit with loss of raw ore exports, also costing hundreds of thousands of jobs. - This is a great pitch for a competing government this year to delay the ban to increase revenue and employment.

* China is already investing in refineries in Indonesia.

* Japan is lodging a complaint to the WTO about the ban.

* Indonesian government is very well known for flipity flopping with its decisions.

What ever happens one thing for sure is Indonesia will be exporting Nickel or Raw Ore again in the future as it wants to make money.. When it does the nickel price will return back to where it was which you know was $6 to $6.50

You have to really be clutching at straws to think this is going to keep nickel prices high for years? And anyone making decisions in starting up new nickel deals will know this.

It's only a bullish next financial report future for those who are already producing.