Bullboard - Stock Discussion Forum Sherritt International Corp T.S

Alternate Symbol(s): SHERF

Metals & Mining Industrial Metals & Minerals

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles through hydrometallurgical processes. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world... see more

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Sherritt International Corp > More troubles in China

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Post by CommonCents123 on Jul 17, 2023 9:04am

More troubles in China

https://ca.finance.yahoo.com/news/chinas-youth-unemployment-rate-just-022316151.html

Biggest ni consumer slowly declines.youth employment issues

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Comment by Albatross on Jul 17, 2023 9:27am

Not that we trust any info coming out of China or anything but that same article says their overall unemployment is what 5.6% or something like that?? That's really nothing to write home about at this point in time. China's growth the last 20 years has been at a break neck speed. So them slowing down is probably a good thing for the globe as a whole.. and let's other up and coming ...more

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Comment by CommonCents123 on Jul 17, 2023 12:17pm

Albatross you may have misread the unemployment part...unemployment of youth is 1 in 5. Effect - old people don't spend money, young people do...if they're working that is. Excerpt: The country's (China) youth unemployment hit a new record high of 21.3% in the second quarter. This means more than one in five of those between 16 to 24 years old are unemployed.

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