Sherritt International Corp T.S

L.M.E

[FederalReserve]

I wouldent use the LME as a full indication of the supply side if the nickel market. You also have the Shanghai metals exchange to consider. Ultimately nickel held in storage can come & go from lme approved facility to a facility that's not lme approved. As soon as stock goes to a warehouse that not lme approved its taken of the books but the supply is still there waiting to enter the market. A better indication which dosent exist would combine date from lme & non lme. That would give a better scope of the supply side.

[autofocus111]

I stopped trying to correlate Ni prices to exchange inventories years ago. As you state it's not metals moving around that drives Ni prices. To me, growth in the Stainless Steel market is a far more important determinant than SME/LME info for where Ni prices head. SS production and the NPI supply balance into that end-use are the key factors at play. SS production is looking quite strong

[thenorthvanman]

https://www.nasdaq.com/articles/global-nickel-market-deficit-widens-in-may-insg-2021-07-21

[autofocus111]

Like I said before, it's all about SS. As SS markets go so does nickel. China steel output has been falling. The question is will SS follow? Indonesia increasingly in control of SS. That's the one to keep a close eye on. NILSY sure does think so. >>>Healthy demand from stainless steel mills and electric vehicle battery makers is expected to underpin nickel prices over coming

[autofocus111]

Batteries shmatteries. >>>The Shanghai Futures Exchange’s (ShFE) stainless steel contract has just overtaken the hot rolled coil contract as the best performer within the domestic steel complex. What’s noteworthy is that the stainless steel rally has been a relatively slow-burn affair. Stainless didn’t get caught up in the broader speculative surge into the ferrous complex in early May

[satchmo6]

Tina Fey  is on u-tube   , since the AFGHAN crisis---must be lots of googling about Sara Palin...

[thenorthvanman]

I don't think anyone has claimed SS wasn't by far the largest consumer of Ni. What does this have to do with primary Ni currently being in a deficit?

[autofocus111]

NILSY earnings presentation slide 32: Nickel Market: 2021 Deficit is Short-Lived, Surplus to Return in 2022 https://www.nornickel.com/upload/iblock/fe0/Norilsk_Nickel_1H_2021_Financial_Results_Presentation.pdf

[Stratocheif]

Nickel is volatile just like all the rest of the commodities. Problem is this company called sherritt cant seem to make a profit at these high prices....and its not a growth story or a development story where the fruits of the efforts will unfold at a later dste. They have the mine, its been there a zillion years, all you have to do is operate efficiently and make money but they cant and its not