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Amur Minerals Share Chat (AMC)

Share Price: 3.55Bid: 3.43Ask: 3.995Change: 0.0025 (+0.07%)Riser - Amur Minerals
Spread: 0.565Spread as %: 16.47%Open: 3.55High: 3.55Low: 3.55Yesterday’s Close: 3.5475

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Posts: 695
Opinion:No Opinion
RE: LME stocks for September
13 Sep '18
Opening nickel stock for 2018 was 367,776 tonnes, end of August was 238.782 tonnes, a reduction of 128,994 tonnes.

Monthly average reducing of 16,124 tonnes, if that continues, stocks should close 2018 @ around 174,286 tonnes.

Interestingly, in February 2010 @ 164,561 mt the nickel price was $19,000 mt, the following 2 months reduced by a total of 14,000 mt, @ end of April , stock was 150,869 tonnes and the price was $26,000 mt.

Back then there was no burgeoning demand from EV battery makers. 2010 closed with 132,817 mt @ a price of $24,000 mt or $10.88/lb.
The total reduction for that year was only 14,199 tonnes. We are on course for a reduction this year of 193,490 tonnes. Now you see why industry commentators are predicting nickel price to double.

What do you think will happen to nickel price in 2019 as stocks continue to fall at this or even a higher rate ?
Posts: 695
Opinion:No Opinion
LME stocks for September
13 Sep '18
Date...................... Cash-Settlement.........3-month..........Stock
12. September 2018 12.285,00 12.390,00 235.836
11. September 2018 12.255,00 12.350,00 236.340
10. September 2018 12.205,00 12.305,00 237.066
07. September 2018 12.290,00 12.400,00 236.250
06. September 2018 12.490,00 12.580,00 236.706
05. September 2018 12.415,00 12.500,00 237.030
04. September 2018 12.475,00 12.570,00 237.984
03. September 2018 12.670,00 12.750,00 238.494

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