RE:RE:LME Ni stockpilesIf you take in account the average down during the past 6 months (840 tons/day) we should be bellow 200k tons by the end of October/beginning of November. And we should be around 170k tons by the year end (4 weeks of the worldwide consumption). Without taking into account the rise in worldwilde consumption (without EV trending up).
China wants to be THE EV manufacturers, not the first one, but THE only one.
Ni price is quite low (espacially since mid-July), but it won't last.
Just have a look on the historical graph (price and stockpiles).
Cooper is less strategic than Nickel.
Sherritt will take profit of this budding revolution.
And Sherritt still has other nice rabbits in its hat (bitumen sands technology and Block 10 drilling in process).