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Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Metals & Mining Industrial Metals & Minerals
Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the Crawford Project. Its wholly owned NetZero Metals Inc. to develop zero-carbon production of Nickel, Cobalt and Iron and applied for the trademarks NetZero Nickel NetZero Cobalt and NetZero Iron across several jurisdictions.


TSXV:CNC - Post by User

Canada Nickel Company Inc
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•••
Post by EndZonefor7on Feb 04, 2024 4:35pm
156 Views
Post# 35862084

Nickel Short Squeeze ?

Nickel Short Squeeze ? Looks like the perfect storm for a short squeeze with shorts at 6 year highs coming out of Chinese New Year and China stainless steel demand up 9%. 


Nickel was the worst-performing metal on the LME in 2023, down 45% Net short positioning at 6yr high. Chinese stainless steel production up +9%, EV sales climbing. Overall Ni demand to grow at 8% CAGR the next few years Can Indonesia keep prices subdued forever?


https://twitter.com/michaelbhorner/status/1753384185807446386

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