RE:Indonesia PM coming to Washington Hopefully Indonesia equally feels the pain of low nickel prices and does not continue to expand production like crazy. The growing market needs more nickel but unfortunately for us shareholders everything is pointing to a flooded nickel market and maybe a slower EV growth. The debt we have reduced will help somewhat with lower interest expense but there are concerns. And we still have another 2 years of expansion capital to pay for.
There still is the question of whether these refineries will be able to deliver on the promise to get the low grade pig iron nickel up to battery grade deliverable on the LME. The bears seem to think so.