AVQ 0.00% 2.5¢ axiom mining limited

Nickel Rose again..., page-2

  1. 3,540 Posts.
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    Hi Dutchie,
    If I could kindly add to your post;

    "Spot iron ore for import to China bounced $1.60 to US$57.80 a dry ton after weak Chinese factory data yesterday raised expectations that the central bank will introduce further measures to stimulate the economy. Shanghai copper surged 3.7% and Shanghai nickel 3.4%."
    Ref; Bloomberg

    That's nearly 15% in 6 days. Definitely a change in sentiment on commodities at Supply and Demand level.
    Hope the Off-Take agreements have factored in the projected strength in Nickel over the next few years.
    LME London on holiday mode last night. Will have a good idea tonight if these prices will be supported or strengthened.
    Regardless looking good.
 
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