OTCPK:KRCLF - Post by User
Comment by
Rainman01on Feb 28, 2024 7:46am
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Post# 35903244
RE:Indonesia is the monkey wrench
RE:Indonesia is the monkey wrenchMy understanding is that the over supply of nickel cannot be stopped because of a election that changed the outcome of environmental act to protect a very fragile ecosystem. In Indonesia. They are full steam ahead and no signs of slowing up the destruction of land to get as much nickel as possible. It is very low grade and needs lots of refining to make it usable. China are refurbishing copper smelters to accommodate this to make higher grade nickel. They are unsuccessful so far but that could change. Most of the power comes from coal fire to refine the nickel . The newly elected government doesn't care about destruction of their country.