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Surcharges to remain flat for May, but where are they going?

LME Nickel stocks are at their lowest levels since 2013.  Some are speculating of a possible annual supply shortage, at the current rate of outflow.  AMM (American Metal Market) states “We are bullish nickel, but not overly bullish”.  Copper is also predicted to have a slight rebound this quarter.  Is this a predictor of pricing to come?