Inventory drawdown is the defining narrative at the moment, and nickel is part of the story. Economic recovery around the world is patchy. Some countries are recovering strongly, while some are still struggling. Inflation is surging and analysts are having trouble agreeing whether 2022 can see anything like 2021’s rate of growth as a result. But one area of near-universal concern is dwindling exchange and trade inventory stock levels. Nickel stockpiles fall Take nickel, for example. Nickel stockpiles on the London Metal Exchange recently…
