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Nickel: Is the rally sustainable?

From think.ing.com

There have been quite a few threats to production in recent weeks. Glencore’s partly-owned Koniambo nickel smelter experienced a leak in June, which was followed by a brief blockade by protestors last week. Indonesia, the world’s most important nickel ore supplier and a hub to growing NPI (nickel pig iron) and stainless production, has also been a source of concern. Some areas of the country have experienced heavy rain caused by floods and landslides in June and two deadly earthquakes in July at Sulawesi and Halmahera, respectively. Both areas are important to nickel operations. Meanwhile, fears have also resurfaced ... (full story)

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  • Category: Fundamental Analysis