Have been paying a bit of attention to nickel of late too and if it did happen to get back to economic-to-mine levels, there'd be a fair few tasty laterite deposits going around with some handy cobalt credits.
This article analyses the nickel market really well and LME stocks have decreased since it was written:
http://www.discoveryinvesting.com/b...ok-at-nickel-an-unsustainable-current-reality
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