RE:Tsingshan propaganda?Exactly what you said at the time NV man - a tactic to 1) control market 2) keep prices down for now. Puts a cap of $10 maybe - not so horrible really - and environmentally unpalatable to anyone outside of China apparently. This whole episode highlights one thing though. Even though the Tsingshan news was a vague / far off in future puff of nothing, the rally we had seen was primarily driven by speculators who jump from thing to thing and have no need for actual nickel. When real demand - consumption - comes online (all those 'giga' factories churning out batteries - all those zero carbon tailpipe commitments by 2030 of all major auto oems) we will eat up our hangover Ni surplus's - all those dark off LME pools- quickly and we will get a big sustained rise. I would also say, as other smarter than me have pointed out, that the LFP rage at the moment, is also sort of propaganda. meant to divert and keep cost down for now. Chase speculators away. Meanwhile behind the scenes the big future consumers are securing steady supply contracts. I will not be surprised at all if in this quarter's results for our little company our average realized price is greater than the three month average LME price for class one. What I am saying is I do not think the derivatives market northe LME market, though backed by physical Nickel, Accurately represents the real market at the moment.
PS, ocean prefers the quiet intelligent type Rockefeller, she's runoff with North Van man to Columbia ; )
thenorthvanman wrote: https://stockhead.com.au/resources/carefully-scripted-propaganda-why-chinas-nickel-supply-story-is-full-of-holes/?amp&__twitter_impression=true