Nickel Production Deficit for 2006
Bloomberg just ran a news about the Nickel (and thus its derivatives such as Ferronickel) deficits around the globe that is caused by the 10% consumption increase by manufacturers this year. Of course this is always a good news since I just bought a pretty pivotal stock of an Indonesian company yesterday.
We’ll see how should this go in the future. For those of you who haven’t jump on the train, this is the way to be. I strongly advice that you buy ANTM (PT Antam that is) while you still can. The fundamentals of this stock should be around Rp7500 - Rp8000 and that’s a conservative estimates (excluding the revenue boost from FENI III).
So with this deficit which will drive the Nickel price up and the fact that by the end of this year FENI III will be fully operational, it’s a really smart choice to buy ANTM.
