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Sherritt International Corp T.S

Alternate Symbol(s):  SHERF

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.


TSX:S - Post by User

Post by HeavyMetalFactson Mar 07, 2021 8:26pm
141 Views
Post# 32740491

Nickel Manipulation: NOT

Nickel Manipulation: NOTPeople who track the metals markets were well aware of the large non-market nickel stockpiles.   The BMO estimate of those tonnes is almost certainly low.    It will take a while for all the nickel from the $5/pound days to get used up.    Remember the hedging that Sherritt did at around the $7 mark. They obviously have a sense of how much is out there and hence the insurance policy hedging at what some people thought was very low.   Turns out Pathe knows what he is doing.   Hopefully he will find a worthy replacement.  It is only a matter of time when nickel is needed.    BTW, the nickel matte is only around 70% Ni, while our product is >95%.  Be Patient and GLTA
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