RE:RE:RE:Enegy metals demandI think One of the frustrations of being a long time shareholder, A long time and very underwater shareholder, is that this EV/class one nickel boom has always been "just around the corner". I see that in the reports I read now. They all seem to say "the next year or two might be soft, the market is in balance, but five years out we see a spike".Investors in Sheret are hoping to catch that way very early. I believe we will. I believe 2021 will be much more positive than we are reading.
thenorthvanman wrote: To be clear they are bullish on both demand and price but their forecast looks out to lunch. While the BMO report ( that is where those numbers come from) came out this Dec. it is clear that their forecast was made in a sub 13000/tonne environment. The chart that accompanies the report shows nickel rising from 13000/tonne to about 15500/tonne next year.
One thing about commodities (especially Ni) they are prone to massive swings in price up and down. Analysits NEVER seem to capture these swings and forecasts are usually up or down a moderate amount depending on demand/supply forecasts. Massive cycle swings catch everyone with their pants down.
More than anything, I would take away from this report that both miners and analysts are bullish on demand.