the risk/reward does not favour being short nickel the big move down has occurred and some ops are reducing production eg russia last night, and nickel pig iron prod'n is not viable now under USD20-25,000/t so there is 100,000t gone from the mkt pa, the next move will be up as shorts scramble as we saw last night, the nickel mkt could move to a small deficit soon,stainless steel production is fcst to grow 5-6pct still,so for big shorts there is now more risk to the upside.nickel could move to a slightly lower lvl
but the big money has been made now by shorting,i think this will turn soon.my opinion only guys.
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the risk/reward does not favour being short nickel the big move...
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