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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Condor who wrote (13509)5/8/2004 5:35:18 PM
From: russwinter  Read Replies (2) of 110194
 
I listened to an Inco presentation a month or two ago, the site is back amongst my old posts somewhere if anybody cares to listen. But from my notes they said: world production is 750,000 tonnes, and they expect a 75,000 tonnes shortage. So the current 15,000 tonnes in inventory would equal 2%, or one week of total demand.

I would have to say that unlike copper steady draw-down, the evidence is that the Ni shortage is not now 75,000 tonnes, it's a "soft" zero. The inventory has been stuck around 14-15,000 tones all year, giving the appearance (for now) that the Ni market is in balance, but at very scary low inventory levels. Wouldn't take much to shake that tree, however.
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