Russian Nickel
Russia supplies 10% of global nickel. China will be willing to buy all of that, even if the rest of the world embargoes Russia. The supply of nickel globally has not decreased. Inventories are near all time lows. Combine that with perhaps a few whales getting short squeezed & we have a mad rush to secure what is available today. I bought 5 rolls of nickels Thursday for $10.00 & today they are worth $17.00 melt value. I don't see $20 nickel sustaining, but it's been Bizarro world since 2019. We should benefit from this in negotiating.