Rick Rule on Nickel : lower than much higherRussians selling their stock and Indonesia/Phillipines increasing their produciton. But, in a couple of years, Russian will have empty shelves and lower production due to lack of investment, and Indonesia/Phillipines will asses a higher value to their environment.
https://www.youtube.com/watch?v=0aDfNjkH9DE&t=48s
Other high cost producers are getting pushed out of the market (New Caledonia)
THis care care of the supply side. And of course, with low prices, we could expect effort to displace nickel from the ev market to be put on hold so we should reap some benefit from that side of the market.
So can Sherritt survive 2 years ? Will it go bankrupt at these prices ? My bet is that they will survive and then benefit from rising prices that should rebound with a vengeance.
GLTA