It would appear to be a "perfect storm" for some nickel stocks...

It would appear to be a "perfect storm" for some nickel stocks currently. The AFR ran 3 articles on nickel yesterday. Some excerpts

"Throughout the past week, analysts have highlighted how rising sulpher and fuel costs are also putting pressure on the nickel miners margins"

"Minara has production costs of $US7.50 per pound, Western areas $US2.05 Independence group $US4.30, Panoramic $US6.30 and Mincor $US6.12" (This has been paraphrased, but you get the thrust of the comment)

"Stainless Steel demand dropped off a lot more than people had expected"

HT1