RE:Nickel perks up as Philippines eye ore export banNow this is interesting - certainly has the nickel price juiced up 31 cents per pound - and back up at $8.6344/lb. A significant amount of institutional research pointing to nickel up at $11/lb next year. I am sure the hands in the mining/metals analyst houses are now working feverishly (in fact I can smell macros burning) - a tsunami of nickel reports will be spewed forth from London, Sydney, Toronto, and the mysterious far east.
Brought into sharper focus by a flaci iron ore price (at 2 year low, and Port Hedland cranking like the big ore thumping monster it is...40M tons per month, and trending higher).
Sorry, got carried away. Nickle will shine (as a story, as a bull case, as ...a reason to live) against everything else in the space.
It helps NI's prospects and then this emerging silica sand oppty.
Bull case.