RE:RE:HELMS-BURTON law holding price down Any gains in cash flow due to nickel are going to be largely offset by the declines in cobalt prices. The spot was about 25 dollars a pound in December now it's about 15. A ten dollar cobalt price change is roughly the same for sherritt as a 1 dollar nickel price change.
I must say I really didn't see the cobalt price collapse coming. I do expect it to correct it's self before year end as producers in the DRC already are taking supply offline. As for nickel it's starting to get exciting, live warrants on the LME now sit at 121 800. Assuming this trend continues we should see nickel prices rise unabated.