Bullboard - Stock Discussion Forum Sherritt International Corp T.S

Alternate Symbol(s): SHERF

Metals & Mining Copper

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

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Sherritt International Corp > if you understand this, your smarter than me... link

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Post by rkhosla on Apr 18, 2024 4:52am

if you understand this, your smarter than me... link

But this may be why Ni is spiking ($18,500 at present). 36% of LME Ni stock is Russian and traders are rushing to turn 'Type 1' (pre sanction) into 'Type 2' (restricted post sanction) metal in some convoluted scheme explained here:

https://www.mining.com/web/traders-are-already-gaming-the-new-russian-metal-sanctions/

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Comment by Sanguinity on Apr 18, 2024 2:37pm

I tried. I tapped out at the point the "and sold it back" bit started. The thought that kept recurring in my mind was, that it is the traders that needed sanctioning. It sounds like this would work a whole lot more the way it was intended if they imposed: "touch Russian-minded metals, lose your trading status on the LME".

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Sherritt International Corp