OTCQX:BALMF - Post by User
Post by
Chaulkduston Aug 07, 2019 10:12am
68 Views
Post# 30001542
Nickel
NickelFor those of us that follow the price and LME inventory levels for nickel the below link is quite useful.
https://www.kitcometals.com/charts/nickel_historical_large.html The above site is rather slow to load so be patient.
For the month of July alone the inventory level decreased by 18,644 tons, a massive drain and the year to date drain was 61,272 tons, another massive drain with the nickel price starting to rise finally. Current nickel price is 6.6489 US as I enter this post. Somewhere I read that the 100,000 ton level is where the price will really take off. The current inventory now sits at 142,200 tons, so if the depletion rate continues we should hit 100,000 by or before year end. With the emphasis now shifting to area 52 and gold we may not here any additional news on the Nickel BAR’s nickel land packages for a while.