Bullboard - Stock Discussion Forum Sherritt International Corp T.S

Alternate Symbol(s): SHERF

Metals & Mining Industrial Metals & Minerals

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... see more

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Sherritt International Corp > Nickel price is $0.13 from breaking below the $9.00 level

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Post by CommonCents123 on Jun 26, 2023 3:53pm

Nickel price is $0.13 from breaking below the $9.00 level

I just wonder. Why do the prices of Nickel keep dropping?

There's a shortage of Nickel around the world and the EV revolution is here for God's sake.

We need Nickel for those electric car batteries. Where will it come from?

Mr. Mills says we will need thousands of nickel mines to fulfill the shortages. How is this possible?

The world is clearly upside down.

This is wrong and I'm calling my elected representative to get to the bottom of this fiasco!

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Comment by Stratocheif on Jun 26, 2023 5:00pm

Today the nickel used for evs is about 5,% of total. Projections into the future are just that. Price is set by market dynamics today. Not 10 years from now.

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