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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

Bullboard Posts
Comment by HDP18on Feb 10, 2004 3:26pm
240 Views
Post# 7034225

RE: hello

RE: helloA weakening USD (as its still regarded as the world currency) means that asset allocation are shifted towards hard assets such as copper, Nickel, Oil, Gold. As the USD goes down, the "price" for these commodities in USD terms is adjusted and goes up. Obviously because it takes more USD to buy the same amount of the commodity. What you often see because of a lower dollar, is a higher investment return from companies that trade based on hard assets as their value acts as a hedge agaist the currency. Gold versus the Euro has stayed constant but against the USD it has gone from $380 to $408. Gold companies that are unhedged have gone up as well because the price they sell their gold at in USD has increased. Given that most trade is still done in USD it stands to reason that a company like S will "get more USD" for their commodity they bring to market. It's not a perfect hedge but historically this is the case.
Bullboard Posts