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Bullboard - Stock Discussion Forum Sherritt International Corp T.S

Alternate Symbol(s):  SHERF

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

TSX:S - Post Discussion

Sherritt International Corp > Either a rally, or a dead cat bounce
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Post by Sanguinity on Mar 08, 2024 12:59pm

Either a rally, or a dead cat bounce

https://markets.businessinsider.com/commodities/nickel-price


As of midday today, nickel has risen above $8/lb.  The question is, does Sherritt have enough gas still in the tank to survive long enough to make a profit, and/or, nickel doesn't sustain these levels.  Those Indonesians are relentless in wanting to control the market with their low-end production costs.
Comment by CommonCents123 on Mar 08, 2024 2:30pm
I believe it's related to USD mostly...IMPO. Waiting for the big drop!
Comment by Albatross on Mar 08, 2024 5:34pm
It's not so much Indonesians as it is the Chinese.. the Chinese want low cost feedstock for their manufacturing. Hopefully the Indonesians catch on that if they let the Chinese run the place it will cost them their health/lives, it will cost them their environment, and it will cost them the potential money they could get if they didn't build plants like crazy and let nickel run up a bit.  ...more  
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