Welcome to the nickel miners news for May. The past month saw nickel prices flat and LME inventories decline further remaining at 7-year lows. Many of the major nickel producers nickel production volumes are lower. The nickel juniors continue to advance, while Poseidon Nickel hits very high nickel grade at Silver Swan.
Nickel price news
As of May 24, the nickel spot price was US$5.51/lb, about the same from US$5.57 last month.
Nickel spot prices - 5-year chart - USD 5.51/lb
Source: InfoMine.com
London Metals Exchange [LME] nickel 5 year inventory
The chart below