Nickel stocks are set for a massive day today after Nickel jumped 8% overnight

Nickel stocks are set for a massive day today after Nickel jumped 8% overnight. This from Reuters: Nickel jumped 8 percent on Monday, bringing gains for the year to 50 percent, as the threat of tougher Western sanctions on the world's biggest producer Russia compounded concerns about Indonesia's ban on unprocessed ore exports. The threats have boosted nickel on fears that an increasingly out of control conflict might eventually result in sanctions against Russia's Norilsk Nickel, a top nickel producer. Nickel buyers are already scrambling to secure supplies on fears that the global market will fast move into deficit due to Indonesia's ban in January on unprocessed ore exports. LME nickel struck a session high of $21,468 a tonne in electronic trading, its highest level since February 2012 and up almost 8 percent from Friday's close. It was bid at $20,900 a tonne at the closing ring. (VIEW LINK)


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