ARRRF - Ardea Resources: A Leveraged Nickel And Cobalt Optionality Story Worth Tracking
While many base metals have been struggling over the last few months or so (e.g., copper, zinc, tin, etc.), there is one outlier that has been bucking the trend, and that's nickel.
As the following chart shows, the price of nickel has been experiencing a resurgence of late (since the start of January 1, 2018), and the LME nickel price is currently trading at $15,610/t.
Source: LME Nickel Price
In terms of price/lb, nickel has now crossed above $7/lb.
Source: Kitco
Granted, much (or perhaps all) of the recent spike up in the nickel price