Good Article in Globe about Nickel pricesThe Globe and Mail reports in its Friday edition Indonesia's ban on raw mineral exports has the potential to rejuvenate a moribund nickel industry. The Globe's Rachelle Younglai writes the ban, which started on Sunday, has pushed nickel prices up on shortage fears. That would help Canadian producers Sherritt International, Lundin Mining and First Quantum Minerals. Sherritt, which runs the Moa nickel mine in Cuba and is developing a giant nickel mine in Madagascar, could see benefits immediately. Shares of Sherritt and other producers gained about 5 per cent on Thursday. Although nickel is trading at two-month highs of $6.50 (U.S.) a pound, the metal is down 70 per cent from its record high of $24 (U.S.) reached in 2007 when supplies were scarce. "This is wildly bullish for the industry," said Mark Selby at Royal Nickel, which is working on a project in Quebec. Indonesia is the world's largest producer of nickel and is responsible for about 20 per cent of global supply. Although there is currently a glut of nickel on the market, the world could start running out of the metal in 2015 if the chain of islands keeps the ban in place. That could send prices back into the double digits.