RE:RE:The nickel sanctions are coming!!! Read uk 🇬🇧 news Hey C A L,
you aren't any slower between the ears than the rest of us lol. My thought on a possible sanction (like that put in place previously for Russian oil) is that it won't materially impact overall global supply and demand, but will likely have a noticeable impact on the price of the items.
I think that the price will spike due to increased risk and uncertainty, increased likelihood of war or other conflict, etc. But I also think that certain countries will accept a discount on Russian resources such as Ni, oil, natural gas, etc. which could diminish thevoverall utility of such actions.
China and India Didn’t hesitate to buy up as much Russian oil as they could at $20 or so discount per barrel in the past, and I doubt they will flinch this time either unless th US or Europe closely enforce any sanctions put in place. TBH I don't know if they have the resources to effectively do so. If this was to happen, there would be certain countries that used to buy on the open (legit) market that will take a lower price on contraband resources for some or all of their needs. In other words, it could become a competitive advantage to certain countries that ignore the sanctions like what happened with Russian oil.
for th sake of all of us shareholders as well as civilians in Ukraine, I hope that any sanctions lead to a price increase for Ni while de escalating the Russians activities. Realistically though, it is never that simple or straightforward.
Respectfully,
Mas75