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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 Bwrbhkon Jan 19, 2024 5:38pm
48 Views
Post# 35836731

RE:7-17% nickel in structural steel. Plenty of destroyed ni

RE:7-17% nickel in structural steel. Plenty of destroyed niThe destroyed tanks will be recycled.  The only thing important for Sherritt is the price of nickel, which is in a bear market.  Most of the commodity experts see nickel in oversupply for the next few years.  If they are correct, the price of nickel is going nowhere but flat to down in the short term.  The closure of some higher cost nickel mines will eventually put a floor on the price, hopefully at around current levels.  Until nickel prices recover, Sherritt will be bleeding cash.  All this nonsense about tanks, etc. will have no impact on the price of nickel in the short term.
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