The Nickel Supply Squeeze Is Just Getting Started [Freeport-McMoRan Copper & Gold Inc., Glencore PLC, BHP Billiton Limited]

Nickel ETNBack in January, I wrote a column explaining the supply-demand squeeze in nickel. One way I suggested to play the nickel squeeze, the iPath Dow Jones UBS Nickel Subindex Total Return ETN(NYSEARCA:JJN), is up 38% from my recommendation.

Did you buy that fund? Well, if you didn’t, there’s no need to kick yourself.

The nickel run isn’t over.

In fact, if anything, the supply/demand squeeze powering nickel’s surge is likely to get stronger.

The biggest user of nickel is China. Nickel is used to make stainless steel, and China makes a lot of it. Stockpiles of

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