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nutsaboutgolf2001

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nutsaboutgolf2001

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Saturday, 10/21/2006 7:09:31 PM

Saturday, October 21, 2006 7:09:31 PM

Post# of 173929
Nickel Supply Versus Demand - WOW

According to a recent article on Bloomberg The World Bureau of Metal statistics estimates that mine output fell 70 thousand metric tons short of demand during the first 8 months of 2006. During this period LME nickel inventories fell from about 36 thousand to 5 thousand metric tons, so LME nickel inventories fell 31 thousand tons. The rest (70 - 31 or 39 thousand tons) must have come out of producer or consumer inventories!!!! Nickle prices have no where to go but up and so too will nickle producer stock prices.
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