FPX Nickel Corp. FPOCF

Primary Symbol: V.FPX

Metals & Mining Industrial Metals & Minerals

FPX Nickel Corp. is a Canada-based junior nickel mining company. The Company is focused on the exploration and development of the Decar Nickel District, located in central British Columbia, and other occurrences of the same style of naturally occurring nickel-iron alloy mineralization known as awaruite. It holds a 100% interest in five nickel properties, four of which are located in British Columbia (Decar, Wale, Orca, Klow), and one located in the Yukon Territory (Mich). The Company’s primary project is the Baptiste deposit (Baptiste or the Project) located within its flagship Decar Nickel District (Decar). The Mich property is located approximately 55 kilometers (kms) southeast of Whitehorse in the southern Yukon Territory. The Orca property is located approximately 35 kms east of Dease Lake and nine km from the Eagle target on the adjoining to Wale property. Klow Property is located approximately 120 kms northwest of Fort St. James and 55 kms north of the Decar Nickel District.

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FPX Nickel Corp.

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Post by thearabon Mar 30, 2022 9:21am

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Post# 34558382

Something not everyone might know

I guess we have to trust China to run it properly.

The LME was owned by its members until 2012, when it was sold to Hong Kong Exchanges and Clearing for £1.4 billion.^[4]

During the 2022 Russian invasion of Ukraine, worries about sanctions on Russian nickel exports triggered a short squeeze on the LME, causing the price of nickel to quadruple in just two days, reaching US$100,000 per tonne.^[5]^[6]^[7]^[8] Controversially, the LME responded by canceling US$3.9 billion of trades, and suspended trading for multiple days.^[9]^[10]

The LME was owned by its members until 2012, when it was sold to Hong Kong Exchanges and Clearing for £1.4 billion.^[4]

During the 2022 Russian invasion of Ukraine, worries about sanctions on Russian nickel exports triggered a short squeeze on the LME, causing the price of nickel to quadruple in just two days, reaching US$100,000 per tonne.^[5]^[6]^[7]^[8] Controversially, the LME responded by canceling US$3.9 billion of trades, and suspended trading for multiple days.^[9]^[10]