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Sherritt International Corp T.S

Alternate Symbol(s):  SHERF

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles through hydrometallurgical processes. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world to improve environmental performance. The Company offers a range of products including Nickel, Cobalt, Fertilizers and Other Products. The Nickel products category includes standard grade, steel grade, and nickel powders. The Cobalt products category includes cobalt briquettes and cobalt powders. The Company’s Fertilizers product category includes anhydrous ammonia, granular ammonium sulfate, crystalline ammonium sulfate-super salt, and crystalline ammonium sulfate-standard grade. The Other products category includes sulfuric acid, zinc sulfide, and copper sulfide.


TSX:S - Post by User

Comment by Sdbry75on Feb 04, 2021 2:47pm
98 Views
Post# 32472503

RE:RE:RE:Growth Story Debate

RE:RE:RE:Growth Story DebateYes there is for sure. I don't think it's so much the mineralogy of the ore body as opposed to the exsisting material flow to produce the products they sell. Glencore's partnership with First Cobat near New Liskeard interesting because if fully developed it would be the only battery suitable cobalt sulfate refinery in North America. The matte flowing through thier refinery in Norway, most of which comes from Canada, produces nickel and cobalt beyond the value that is needed for batteries. These products are ultra pure, demand premium prices and are used in high end applications. Ni-Cr-Co super alloys in the aerospace sector for example. I was sifting through some of Vale's quarterly reports last week and essentially they source 100% of their upper class 1 nickel from the North Atlantic and 100% of thier battery suitable nickel from Indonesia. They also consistently indicate that nickel flowing through the North Atlantic demands a premium (8-9%) above LME while thier battery suitable upper class 2 nickel receives a discount below LME prices.
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