The low price of nickel over the past decade has meant that there hasn't been enough funding to develop class 1 nickel mines. It's a perfect storm of failing supply and booming demand.
The market conditions we are about to experience are not like the past. Nothing like this has happened since invention of the ICE engine and oil booms of the 19th and early 20th century.
The saying "Past performance is no guarantee of future results" comes to mind with nickel. We haven't seen this before. There was no dramatic worldwide transformation of the transportation sector driving the last boom/bust cycles. Big difference.
WSA Price at posting:
$2.52 Sentiment: Buy Disclosure: Held
