Comment by
CommonCents123 on Feb 29, 2024 6:47am
Not sure if I missed something but the article says the price of nickel will be $15k a ton for the forseable future. That's a result of production and EV demand. Indonesia production is there, but I don't believe EV DEMAND will continue. Hence nickels outlook is bleak at best and so is Sherritts by extension.
Comment by
Albatross on Feb 29, 2024 4:20pm
price of nickel $17,135 per ton $17135/ton divided by 2000 to get a per pound price and you get $8.57 Nickel Real-Time Quote | Real-Time Quote Nickel | Markets Insider (businessinsider.com)
Comment by
rkhosla on Feb 29, 2024 5:28pm
Divided by 2204 lbs per 1000kg....
Comment by
Albatross on Feb 29, 2024 6:34pm
Well is it a US ton or an imperial ton? I figured because it's US dollars it would be a US ton
Comment by
rkhosla on Feb 29, 2024 6:42pm
the LME trades in metric tons. 1000 kg.