[image: Inline image 1]

Nickel: Menemui kenyataan...pahit.

Banjir suplai.

*Cautious for over-extended nickel-sold stocks. INCO-ANTM? Other mineral
mining? TINS?*

Bloomberg:

*Mining companies and refineries are producing more nickel than at any time
in history, expanding a glut that threatens to reverse this year’s
rally. **Production
will exceed demand by 45,000 metric tons, a 73 percent jump from 2011,
Barclays Capital estimates. That’s equal to 46 percent of stockpiles
tracked by the London Metal Exchange.*
*
*
*With new supply expected from Australia to Madagascar to Brazil,
consumption still won’t expand fast enough to absorb the extra metal.*
*
*
*“We’ll get more and more supply over the course of the year,” said Daniel
Briesemann, an analyst at Commerzbank AG in Frankfurt. “We expect huge
surpluses for nickel not only this year, but next year, and probably in
2014. It’s mainly due to an increase in supply, but on the other side the
stainless steel industry is facing a tough time.”*

http://www.bloomberg.com/news/2012-02-22/record-nickel-supply-expanding-glut-thwarts-bull-market-rally-commodities.html
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