| About a tenth of the world’s nickel supply is at risk after the Philippines widened its crackdown on miners, raising the chances of prices rallying by another 25 percent through 2017, according to UBS Group AG, which had already billed the metal as one of its favored commodities.
The nickel market is reeling after the Philippine government threatened to close another 14 mines last week, pending responses to an environmental audit. Of the 41 operations that were reviewed -- the majority of them nickel producing -- about three-quarters have either been halted or told they need to come up to scratch............................................Full Article: Source
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