Due to the fact that GCR is far from production I don't think the present Nickel prices should have any effect on it. Also I like the punch lines:
"However, some analysts said prices had fallen too far and that low stocks could help nickel regain $20,000 a tonne.
Stocks of nickel in LME warehouses, at around 43,000 tonnes, are down around 17 per cent since the middle of April.
We expect nickel to return to the $20,000 to $25,000 a tonne range soon, which is fundamentally justified in our view,” said Eugen Weinberg, analyst at Commerzbank"