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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 through hydrometallurgical processes. 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. 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 Company’s 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
Post by MoriaDwarfon Aug 17, 2016 9:58am
378 Views
Post# 25149561

SHERRITT IN MY CRYSTAL BALL...

SHERRITT IN MY CRYSTAL BALL...Sherritt is one of the world leading producers of cobalt. Cobalt is a key ingredient in lithium batteries used to power electric cars, among many other things. Several sources predict a coming cobalt squeeze because of rapidly increasing demand. Last time there was a cobalt squeeze, Sherritt's share price rose close to 400%.  Sherritt's financial situation has improved lately because of debt restructuring. Furthermore, the exponentially increase in the use of battery storage in vehicles and homes will require a huge amount of new infrastructure, meaning more steel and other alloys containing nickel. This can only be good for Sherritt.

I think NOW might be a good time to get on board. Share price is historically quite low. Of course, due diligence is always appropriate.

MoriaDwarf
Bullboard Posts