One just has to look at the price of nickel and the stock reserves at the LME to realise that nickel is going to be as precious as Platinum. I've gathered some quick information and I found some enlightening revelations which I think I'll share with the rest of the uranium consumed population.
June 8 - LME Nickel Stocks - 17448 @ US$/tonne 21,595.00
August 8 - LME Nickel Stocks - 5958 @ US$/tonne 28,050.00
October 5 - LME Nickel Stocks - 4782 @ US$/tonne 30,695.00
Nickel stocks are dwindling. Unlike most of the other base metals in the market Nickel is seriously depleting, BHP is falling because Copper prices are falling and copper stocks are replensihing. And since BHP is the second biggest company in Australia, its also bringing other companies down with it. So its bargain hunting time. I heard somewhere on the radio that with the amount of Nickel we have now, and if production was to stop we would only have 2 days supply. But that doesnt really tell us much.
Neways, I just thought this peice of information that I think most of you already know would be of interest to some of you.
Well dont take this as any sort of recommendation or investment advice though.