The Nickel Supply Squeeze Could Send Prices Even Higher

Or so asks an interesting post in Reuters last week regarding the nickel market. Back in 2007, nickel stocks had plummeted while prices rocketed.  Today, we also have plummeting stocks and a rocketing price. Inventory does not appear as low today as in 2007, yet, nor has the price exceeded $24,000 per metric ton. In 2007, prices peaked at nearly $50,000/mt in the spring of 2007 before crashing equally precipitously over the ensuing 18 months. Source: MetalMiner (SM) Insights Back then the market saw a shortage of refined nickel from suppliers…