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 > THE ECONOMY IS GROWING FOREVER LONG CYCLES

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Post by CommonCents123 on Jan 20, 2024 9:41am

THE ECONOMY IS GROWING FOREVER LONG CYCLES

Remember those comments? Remember the structural steel demand comments to replace and build tanks, navies and armaments?

Well with all that deman can anyone explain why steel companies are shutting down furnaces?

Looks like the ni glut to produce these types of steel will persist keeping ni prices in the boiler room basement.

https://ca.finance.yahoo.com/news/tata-announces-plans-cut-2-120548256.html

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Comment by CommonCents123 on Jan 20, 2024 9:45am

Here's another steel story that's not good. Looks like steel in USA may be safe. Keep in mind however that any ni used in American steel furnaces to make that extra strong steel won't be coming from Cuba and by extension sherritt. https://www.ft.com/content/2f1fc302-4be3-491a-9544-86ef518f55e1

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