NICKEL Price

19,041.00+832.00+4.57%

Nickel futures soared above $19,000 to their highest since September 2023, lifted by talks of Chinese government buying and fears of lower supplies. Several sources cited that China's stockpiler, the National Food and Strategic Reserves Administration plans to purchase the nickel pig iron, the main feedstock for stainless steel. The number and involved companies were not revealed. At the same time, the metal was boosted by resurfaced worries over output since the world's leading producer Indonesia was still reviewing application for mining quota and hasn't issued all permits. Over the week, nickel was poised for an 8% surge, driven by earlier decision by the US and UK to ban the delivery of newly-made Russian nickel to LME and CME.

Over a year ago the boss was talking about being in the "Right place right time"

Has he seen the future?

How good are these guys ?

I don't know anything,