And falling and falling...
Those London Metal Exchange (LME) nickel inventory levels continue to fall. Now down a little over 11% from the April highs. This had been a drop straight down. I noticed today that the nickel price is also really starting to firm up. Somewhere around $8.35. Once we punch through $9 , we're going to really see some fireworks. At this rate, we could see a nickel shortage by end of this year or beginning of 2022 if vehicle manufacturers start to ramp up. This bodes well for the nickel miners.