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Bullboard - Stock Discussion Forum Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the... see more

TSXV:CNC - Post Discussion

Canada Nickel Company Inc > China Nickel price jumps....
View:
Post by caramba71 on Aug 12, 2021 10:01pm

China Nickel price jumps....

Guess not unexpected for most of us here, as apapas had mentioned this several times closely monitoring supply/inventory levels...

"....Macquarie expects the nickel market to flip to a 100,000-tonne deficit this year from a surplus of a similar margin in 2020 due to higher Chinese demand and supply disruptions, analyst Jim Lennon said...."  with a cautionary note that  '...nickel supply will likely start to overtake demand in the fourth quarter, which could weigh on prices, he added.'

https://www.mining.com/china-nickel-price-jumps-as-stockpiles-drop-near-record-lows/
Comment by apapas1973 on Aug 12, 2021 10:23pm
Good read caramba. They're stating 150,000 tons available for delivery. I currently see it down to about 205,000 tons on kitco. Not sure why the disconnect. There's obviously something I'm not understanding. Must have something to do with the "immediate availability for delivery". Their scenario makes it even more dire.
Comment by caramba71 on Aug 12, 2021 10:36pm
I also saw a note from Vale, indicating that production in Sudbury will start slowly and not contribute to the supply side right away.  Apparently it's not that as simple to turn on a smelter as turning on the lights.... Nickel will stay in the spotlight.
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