Post by
apapas1973 on Jan 07, 2022 7:44pm
Looks like we're about to break below 100,000 tons
I would have never thought we'd come down this far in nickel inventories. As of now, were sitting just above 100,000 tons on the LME. I'm wondering if we retest the lows at around 65,000 ish. If these low inventories can't get the nickel price to go, then I don't know what will.
Comment by
caramba71 on Jan 07, 2022 9:53pm
I was wondering whether the LME is an accurate reflection of the inventory levels. Some of the big guys have started using blockchain technology for smart contracts and payments and deliveries. Not sure how this impacts LME though. Especially w/r to China producers. Do you know?
Comment by
Positivelive1 on Jan 08, 2022 9:48am
Do you actually believe anything ELON says? Not a chance- it's all about him.
Comment by
EndZonefor7 on Jan 08, 2022 4:46pm
There's still GM, Ford etc who are desperate for a steady nickel supply. I'm hoping that's the reason for the strategic delay.
Comment by
apapas1973 on Jan 08, 2022 6:44pm
I hope so endzone. That would be huge.
Comment by
caramba71 on Jan 09, 2022 1:44am
Check BHPs investors day on YouTube. Mike was very clear that their main focus regarding battery metals is Nickel. Period. Now that was when the Noront bid was still on the table. What are his options now to deliver on the promis growing their Ni production? CNC, FPX, TALON. Not sure what else looks interesting. To me it would be CNC.