RE:RE:RE:RE:$40/lb Ni ???What caught my eye was his future Ni price prediction. At $15/lb S would be rolling in cash.
Technically, the nickel price has a confirmed multi-year breakout at $8/lb ($17,000/t) and is on its way to $15/lb ($30,000/t), which is close to a doubling in price.
How high could nickel go? Considering current stagnant nickel-mine production and lack of nickel substitute in batteries till least 2030, your guess is as good as anyone’s. Before you ridicule nickel going back to the prior all-time high of $20/lb ($50,000/t) set in 2007, recall that hedge fund speculators hoarded cobalt in 2017. That resulted in cobalt’s 4-fold price increase from $10 to $45+ in 18 months.