Post by
montybissett on Aug 07, 2019 1:36pm
game changer
CD we need 2 nickel prices and we need an inventory of #1 nickel. You would think that will happen one day with new EV market. The pig iron folks must be resisting a new order. Today Ni dropped to 6.65 and then has shot up to 6.95.Of course day not over. For 2 months on a tear. We have to be over 8.00 for #1 nickel now and well over 10.00 Ca. Huge gold and silver day and WM puts out good results for 52 and we are down. We seem to be following their price around like a puppy dog. Hopefully tomorrow will be better.
Comment by
Chaulkdust on Aug 07, 2019 5:48pm
Monty, yes we surely do, however the LME has been dragging their feet for over a year on having a Class 1 price. Probably, too much pressure from the Pig Nickel producers who are 2/3’s of the Nickel market. Although we do know that Class 1 nickel in the market commands up to a 30% premium over the quoted nickel market price. Once EV cranks up in a year or two we might see it happen.