WNARF - Nickel Monthly News For The Month Of August 2018
Welcome to the first nickel miners news. This follows strong demand for this topic from investors. August saw a slightly weaker nickel price and some stellar results from the big nickel producers.
Nickel price news
As of August 28, the nickel spot price was US$6.11/lb, slightly down from US$6.21 last month. The London Metals Exchange [LME] inventory is high; however it is steadily declining (see LME graph below).
Nickel spot prices - 1-year chart - USD 6.11/lb
Nickel 30 year price chart
Source: InfoMine.com
LME nickel 20 year inventory
The chart below shows