RE:Secular Bull Run in CommoditiesNickel is rather unique. Profitable mines have been mothballed due to oversupply.
CNC needs 3 billion to start its operations.
EV seems like its a pipe dream and may not peak until 2065.
Feels like Nickel is going to be like Silver where for the last ten plus years it hasn't moved and has not rewarded investors despite the run in gold over the long term.
Prices may have bottomed who knows. But I don't see the catalysts to make nickel exploration and miners go up not in a while. At least not until the market sees that after all of these mining operations that have been shut down reopen and where there is still a supply crunch.
Just my two cents that there are too many headwinds of concern and from a risk reward ratio better commodities that are more promsing.
Energy still longs great over the long term eventhough it will be volatile so Craving given you've disclosed your advanced age, it may not be appropriate for you.
Eyetradestocks wrote: One thing not discussed here has been an overall bullish scenario for commodities as a whole.
I haven't had time to study all commodity classes however as a broad class, the group would appear to have bottomed out like a year ago. And I think CNC shares more or less did the same bottoming out once in October of 2022 and then again last November.
And Nickel is I think one of the commodities that you really don't hear much about since it takes a back seat to Copper and Gold in the metals space and Crude Oil in the energy space.
I think that's what people should really do: learn as much as possible about CNC and commodities in general.