Nickel prices surging, page-2

Excellent news.

Given how low nickel prices are currently, there is substantial room for price spikes across 2019. 

Fitch Solutions is predicting a global nickel market deficit of 49 900 across 2019.

Source: http://www.miningweekly.com/article/nickel-price-to-weaken-during-2019-but-strengthen-again-thereafter-2018-11-30

“We forecast the global nickel market to remain in deficit over the next five years, although the shortfall will narrow from –61.9 kt [thousand tons] in 2018 to –26.5 kt in 2022, as global production begins to catch up with consumption levels,” observed the report. “Nevertheless the market will remain tight …. As such we forecast prices to progressively rise from an average of [$]14 500[/t] in 2019 to [$]16 250[/t] in 2022.”

GLTAH. DYOR.