Welcome to the nickel miners news for April. The past month saw nickel prices fall slightly and LME inventories at 7-year lows.
Nickel Price News
As of April 25, the nickel spot price was US$5.57/lb, slightly down from US$5.79 last month.
Nickel spot prices - 5-year chart - USD 5.57/lb
Source: InfoMine.com
London Metals Exchange [LME] nickel 5-year inventory
The chart below shows LME nickel inventory levels declining since mid-2017, having now reached a 7-year low.
Source: InfoMine.com
Nickel Demand vs. Supply
The chart below shows nickel is forecast to be in deficit after