GREY:RNKLF - Post by User
Post by
Jimpro63on Nov 30, 2019 12:17pm
308 Views
Post# 30408919
Per Johnna Muinonen, President, Dumont Nickel
Per Johnna Muinonen, President, Dumont Nickel Nickel Price fluctuation already anticipated by Industry Professionals.
" LME inventory stocks have continued to drop. Currently, the LME inventory is sitting at under 70,000 tonnes, the lowest in over 9 years, and the nickel market has been in supply deficit for several years now. There may be some short-term price weakness from increasing stainless scrap and fair nickel coming on to the market during this current period of higher prices but the medium- to longer-term fundamentals are positive. In this rising and exciting nickel market, RNC continues to evaluate all opportunities to maximize shareholder value for our portion of Dumont. "