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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

Comment by rkhoslaon Jun 16, 2021 11:14am
159 Views
Post# 33395203

RE:Nickel price will fall soon

RE:Nickel price will fall soonYou are correct, however fundamentals (ie physical demand) did not drive this market - speculation / future demand did.  The nickel market has been in surplus for years. It continues to be in surplice. It is projected to be in surplus for another year or two.  Battery makers are scrambling fir long term supply and speculators are taking advantage.  Through in rampant money printing and inflation.  So yes we won't go up in a straight line but I don't think you'll see the rices you mentioned.  More importantly there are opportunities to enter into supply agreements at favourable prices regardless of the volitility on the spot market.  
Stratocheif wrote: The pandemic caused a collapse of spending on services of all types .. air travel, cruises, dining out etc. People in developed countries had nowhere to spend thier discressionary income. So the money they normally spent on services they used to buy durable goods...new home appliances, cars, and all sorts of things. Purchases of durable goods by consumers rose 43% in the past year. So much "stuff" was purchased that there are dozens of container ships anchored off the port at Los Angeles because the port is overloaded and cant receive them. This is why the price of nickel went up. Now as the pandemic fades people will rush back to service type spending and there will be a huge drop in durable goods purchases...how many times can you buy a new stainless steel fridge. Nickel will be in the $4 to $5 range next year


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