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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 mas7575on Mar 14, 2022 8:06am
113 Views
Post# 34511014

RE:RE:JPMorgan Leads Talks to Contain Nickel Crisis Damage

RE:RE:JPMorgan Leads Talks to Contain Nickel Crisis Damage

With all due respect, I think that you might be missing the point here. Just my honest opinion, of course, and no disrespect meant to any who might disagree.

While the small brokerages were saved by the shutdown and cancellation of trading activity by the LME, all parties on the short side of trading dramatically and unjustly benefitted. They manipulated the market for many years, maintaining undue negative influence on Ni prices (a somewhat illiquid market even before last week) and "shaved a little off the top" each month for their troubles. 

If XG and other big players (with big voices) in this travesty hadn't stood to lose billions, the losers in this trade would have been allowed to fail. JP Morgan Chase and others are simply too big to fail , and do risky business/transactions like this on a regular basis, while knowing this full well. 

Sadly, I am not heartened one bit by the events of the past week. If any trader (big or small, personal or institutional) ends up on the wrong side of a short/long/other trade, they lose. It's simple. For the system to work, the rules have to be the same for all participants. 

Best to all participants,
mas75

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