RE:Nickel price as per one site = 28,797.50 $USyeah.
The trend was already strong.
Norlisk in Russia accounts for close to 20% of the
top grade nickel. Its share price has collapsed because
we cannot predict how much output they will have.
In theory they can sell 100% of supply to China via rail but
still there will be interuptions to their Logistics and production.
Sometimes a commodity has a spike in price (cobalt is an
example) and then within 6 months the price plummets.
Due to rising demand I foresee a high price for nickel for
a decade or more. How high? It is unknowable but maybe
more than $12 a pound.
KRR nickel production may double over the next 3 years so its
value is substantial.
Of course, conceptually, production could quadruple within 5 years.
Wonderful
mat