Royal Nickel Corp. RNKLF

RE:Nickel may be the big driver for RNC nearterm, surprisingly.

[Geodan2]

misformatted, here itr is again

www.forbes.com/... "ANZ, an Australian bank, warned two weeks ago that falling stockpiles of nickel metal were a warning of a squeeze developing. Stockpiles in warehouses managed by the London Metal Exchange (LME) have been falling for the past four years, with an accelerating decline over the past two, a time when reserve inventories dropped by 43% from around 250,000 tons to 142,000t.

 

"Nickel inventories have declined steadily since early 2018, as the persistent market deficit takes a toll," ANZ said.

 

"Some analysts suggest stockpiling by electric vehicle manufacturers is behind the depletion. Whether this is the case or not, we see the tight market meaning further inventory drawdowns are likely.

 

Talk Of Panic Buying

 

"Current LME stockpiles would meet less than two months of supply --- so panic buying is a likely outcome." "

 

Well it has accelerated since then, now just 3 weeks of nickel left in London www.kitcometals.com/...

 

how high could it go? It was $22 10 years ago with more nickel around. www.infomine.com/...

 

We got lucky Dumont has not sold yet (like Beta until FDV), and lucky for Beta nickel profitability.

 

Cheers