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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

TSX:S - Post Discussion

Sherritt International Corp > Indonesia seeks to suppress Ni to $18k - bloomberg 1hr ago
View:
Post by rkhosla on Feb 28, 2024 11:09pm

Indonesia seeks to suppress Ni to $18k - bloomberg 1hr ago

“This concept has to be well understood by all these nickel producers elsewhere,” 
 

Note to Sanguinity - see Ni price in article over $8

https://www.bnnbloomberg.ca/indonesia-says-its-nickel-supply-will-keep-global-prices-low-1.2040692.amp.html

Comment by CommonCents123 on Feb 29, 2024 6:47am
Not sure if I missed something but the article says the price of nickel will be $15k a ton for the forseable future. That's a result of production and EV demand. Indonesia production is there, but I don't believe EV DEMAND will continue.  Hence nickels outlook is bleak at best and so is Sherritts by extension. 
Comment by Sanguinity on Feb 29, 2024 1:22pm
Note to pump-and-dumpers.... https://www.kitco.com/price/precious-metals/nickel ...presently well below your number you tout. https://tradingeconomics.com/commodity/nickel ...same https://markets.businessinsider.com/commodities/realtime-chart/nickel-price ...same I could go on but until you are more honest and stop with the false narrative....and bullying...there's not much of a ...more  
Comment by Albatross on Feb 29, 2024 4:20pm
price of nickel $17,135 per ton $17135/ton divided by 2000 to get a per pound price and you get $8.57 Nickel Real-Time Quote | Real-Time Quote Nickel | Markets Insider (businessinsider.com)
Comment by rkhosla on Feb 29, 2024 5:28pm
Divided by 2204 lbs per 1000kg....  
Comment by Albatross on Feb 29, 2024 6:34pm
Well is it a US ton or an imperial ton? I figured because it's US dollars it would be a US ton
Comment by rkhosla on Feb 29, 2024 6:42pm
the LME trades in metric tons. 1000 kg.  
Sherritt International Corp