NILSY export market shiftNILSY percentage of Ni exports to Europe and Asia regions has basically switched places. With less Russian Ni making it into Europe, it's likely that Sherritt is filling part of that gap in Europe. Has S ever provided a breakdown of sales to different regions? I don't recall seeing that in their presentations.
>>>MMC Norilsk Nickel PJSC, Russia’s biggest miner, now earns almost half of its revenue in Asia while sales in Europe tumble, further evidence of a shift in global commodity flows amid the country’s war in Ukraine...In the first three months of 2023, Asia accounted for 45% of the company’s revenue, while Europe — traditionally its largest market — fell to 24%, it said in a presentation. The figures were 31% and 47% respectively last year, when the miner had annual contracts that were signed before Russia’s invasion.
https://finance.yahoo.com/news/russian-miner-nornickel-now-earns-160547513.html