RE: Some Useful Nickel Context20 Jul 2019 09:20
Key takeaways:
"Chinese firm Tsingshan Holding Group has been buying large quantities of stainless steel ingredient nickel on the London Metal Exchange (LME) to supplement its own output, two sources familiar with the matter said. "
"China’s stainless steel output in the first half of this year at 14 million tonnes, up 11% from the first six months of last year. "
"Analysts say nickel prices need to be higher to incentivize new projects around the world to meet growing demand from the fast-growing electric vehicle sector, which uses rechargeable batteries containing nickel."
Perfect storm brewing here... slowly slowly catchy monkey ;)