RE:Nickel inventories approaching 5 year lows yet the nickel ecanadian wrote: price is only in mid $5s, nowhere near 5 year highs of over $9/lb. Disappointing but the price is bound to go up if inventories keep dropping.
https://www.kitcometals.com/charts/nickel_historical_large.html
Inventories dropped again.....another 1300+ tonnes 323 312. My only concern is that the amount of cancelled warrants is also dropping meaning, in theory at least, the drawdowns should decelerate moving forward.