Russian nickel bombIf NILSY cuts production 10% that should set off some nice fireworks.
>>>(Bloomberg) -- MMC Norilsk Nickel PJSC is considering cutting nickel output by about 10% next year as some European buyers shun Russian supplies and amid a potential surplus of the metal. The miner controls roughly a 10th of the global nickel market and had targeted producing 205,000 to 215,000 tons of the metal this year. It has already informed some clients of a plan to lower output, according to people familiar with the matter who asked not to be identified as the information isn’t official.
https://www.bnnbloomberg.ca/russian-mining-giant-nornickel-mulls-cutting-output-10-next-year-1.1861756