Spot Ni now $5.20 / LbWhen Ni gets over $6/lb we should see S back over $1. Ni stockpilling slowed down in the last 3 months due to market uncertainty but battery manifacturing never slowed down. Now Ni inventories are low in China and demand for batteries is increasing, so now companies need to play catch-up to replenish their inventories, I expect more large drawdowns on LME and SMM going forward.
Another goody is China just annouce more incentives for cars to stimulate their economy. Also lots of other news coming from the renewable energy sector "micro grid systems". I read an excellent article last night, i will post it if i can find it.
Trade war will get resolved, Trump will cater to the 1% as usual, the US will become a major supplier of LNG to China.