AMSLF - Amur Minerals And Garibaldi Resources: 2 Mining Juniors To Benefit From A Nickel Boom As LME Inventories Fall Sharply
This article first appeared on Trend Investing on October 10, 2019; therefore all data is as of this date.
Two recent events have caused nickel prices to rise as inventories fall:
- The Indonesian nickel ore export ban set to begin January 2020.
- Nickel mining indefinitely suspended in southern Philippines. 27% of overall Philippine nickel ore exports are from this area.
Given that Indonesia supplies 28% and Philippines 17% of global nickel supply, these supply cuts are causing nickel prices to surge (up 50% in the past 3-4 months). Assuming nickel demand can hold strong, 2020