MBN 0.00% 8.3¢ mirabela nickel limited

Nickel price hasn't been increasing as expected and now has gone...

  1. 3,914 Posts.
    Nickel price hasn't been increasing as expected and now has gone well below 6US/lb currently at 5.71US/lb (MBN were selling at 6.6US/lb in Q1). However, MBN did estimate 6.5 in Q2 and Q3 and only start increasing to 7.5+ after Q3 whereas other analyst predict the increase to starting at H2 instead of Q3.

    So no-one knows if/when nickel price will increase and some analyst are saying its possible China has stock piled more low grade nickel before the Indonesia ban then the market were estimating but I think MBN is in the best position to handle any further nickel price decrease in the future (if it happens) due to the economy./recession in Brazil later this year and next few years, resulting in further devalue of the REAL during this period.
 
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