Nickel Market Skewed?

Crowflight Minerals has downed shutters at its nickel mine. The strike at Vale Inco continues. Nickel stocks have jumped to their highest since early 1995. So, how far is the current price sustainable?

 

Nickel prices recently recovered from a seven week-low, but obviously not enough for Canadian mineral exploration company Crowflight Minerals Inc (CML.TO) which has decided to down shutters at its Bucko Lake nickel mine in Manitoba for three months. Around 45 employees are to get the pink slip, albeit temporarily.

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