ERMAY - Nickel Monthly News For The Month Of January 2019
Welcome to the nickel miners news for January. The past month we have finally seen some nickel price recovery, albeit very slight.
Nickel Price News
As of January 24, the nickel spot price was US$5.23/lb, up from US$4.90 last month. The London Metals Exchange [LME] inventory fell yet again for the month (see LME graph below).
It is worthwhile noting almost half of the current nickel producers are not profitable at nickel prices below USD 5/lb, which is about where we sit today at USD 5.23/lb. Investors can draw their own conclusions on what