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