Sherritt International Corp T.S

LME's Reputation On The Line After Nickel Fiasco

[Sanguinity]

https://oilprice.com/Metals/Commodities/LMEs-Reputation-On-The-Line-After-Nickel-Fiasco.html

Some highlights from the article:

>The Stainless MMI continues its decline this month. Moreover, nickel prices continue to show weakness without any apparent bullish anticipation from market participants.

>... the man behind the historic March nickel squeeze walked away from the crisis with an estimated loss of $1 billion. 

>Nickel Prices Could be Damaged for Months, if Not Years

>While Guangda appears “in the clear,” the damage of the squeeze extended far beyond the actual events. For one, the LME’s reputation seems severely, and perhaps permanently, harmed. 

In short folks, the nickel market is down, going down, and staying down, and the once reliable mainstays that supported it are SOL.

[CommonCents123]

Excellent work Sanguinity.  Realistic thinking is what will keep you from losing money.  High Ni inventories, anemic demand and economic instability will keep Ni prices down till at least 2027 when markets begin to recover from the recession that's coming as I've said in previous posts. The bottom line is that the bottom line at Sherritt will be negatively impacted. It is what