Sherritt International Corp T.S

Alternate Symbol(s): SHERF

Metals & Mining Industrial Metals & Minerals

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world to improve environmental performance. It is also the independent energy producer in Cuba. The Company offers a range of products including Nickel, Cobalt, Fertilizers and Other Products. The Nickel products category includes standard grade, steel grade, and nickel powders. The Cobalt products category includes cobalt briquettes and cobalt powders. The Fertilizers product category includes anhydrous ammonia, granular ammonium sulfate, crystalline ammonium sulfate-super salt, and crystalline ammonium sulfate-standard grade. The Other products category includes sulfuric acid, zinc sulfide, and copper sulfide.

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Sherritt International Corp > Tsingshan Holding Group

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Comment by rkhoslaon Mar 04, 2021 7:52pm

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Post# 32724535

RE:Tsingshan Holding Group

There are a few other inconsistencies too.
1) they have invested big in HPAL so clearly the don't see matte as the solution
2) they are many months away from actually delivering any of this

IamMagic wrote: Please help on this.
If I have understood right, this group said they have adjusted their NPI production to be able to supply more Ni for the batteries. Basically, lower Ni consumption for the NPI.

But the thing is they produce only 400,000 tons of Ni. So let's suppose it is 10% cut of Ni needs for NPI, it makes only 40,000 tons of Ni more on the market.

That is far from being able to sustain the offer for the increasing needs.

However, it will kill the competition because new projects will not be approved so they can increase their empire.

Anyway, just my thoughts around this "panic".