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Sherritt International Corp T.S

Alternate Symbol(s):  SHERF

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles through hydrometallurgical processes. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world to improve environmental performance. The Company offers a range of products including Nickel, Cobalt, Fertilizers and Other Products. The Nickel products category includes standard grade, steel grade, and nickel powders. The Cobalt products category includes cobalt briquettes and cobalt powders. The Company’s Fertilizers product category includes anhydrous ammonia, granular ammonium sulfate, crystalline ammonium sulfate-super salt, and crystalline ammonium sulfate-standard grade. The Other products category includes sulfuric acid, zinc sulfide, and copper sulfide.


TSX:S - Post by User

Comment by CommonCents123on Nov 14, 2023 11:13am
87 Views
Post# 35734403

RE:RE:I would be shocked if Indonesian/Chinese Ni

RE:RE:I would be shocked if Indonesian/Chinese Ni It might work but I wouldn't hold my breath.  Just like the BRICS, it ain't gonna happen.

Everyone will be fending for themselves and trying to maximize revenues.  The advantage OPEC has is that oil is always in regular high demand.  Even they have had a hard time controlling prices due to other market participants like Russia, Canada and the USA.

If Nickel falls out of demand, like now, you'll still have countries trying to offload their product against any cartel agreement.  Too many international producers to corall. 

Just my opinion of course.  I would benefit from higher Nickel prices as a Sherritt investor but when you have Sherritt increasing production in a deflated nickel price world, it is definitely NOT CommonCents. 

They should be paying down debt with their cash pile. 

Things are very very bad in Cuba.  I know someone who just went and at the resort there were food shortages.  He said he starved for 2 weeks.  Only a matter of time when the government says they can't pay Sherritt in order to pay for food before the populace rebels. 

The noose of Trump and Helms-Burton is strangeling Cuba.

GLTA
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