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. 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 to improve environmental performance... see more

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Sherritt International Corp > Stellantis warns of 'bloodbath' from EV price cuts

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Post by Sanguinity on Jan 19, 2024 9:32pm

Stellantis warns of 'bloodbath' from EV price cuts

https://financialpost.com/commodities/energy/electric-vehicles/stellantis-warns-bloodbath-from-ev-price-cuts

Stellantis NV boss Carlos Tavares has warned carmakers cutting electric vehicle prices too fast risked a “bloodbath” in the industry, hours after Ford said it was reducing production of its battery-powered F-150 Lightning pick-up truck because of weaker sales.

This kind of thing, coupled with the supply chains choking on too much nickel and cobalt, do not bode well for our little Sherritt. I suspect the February earnings call will be a sobering event.